Hunter | Hunter original Hunter original | short wellies in blue 4f41e60

China Puts off Licenses for U.S. Companies Amid Tariff Battle
  • VOA News
  • Hunter | Hunter original Hunter original | short wellies in blue 4f41e60 -

    Hunter | Hunter original Hunter original | short wellies in blue 4f41e60
Hunter | Hunter original Hunter original | short wellies in blue 4f41e60

September 12, 2018 08:15

Amid a worsening tariff battle, China is putting off accepting license applications from American companies in financial services and other industries until Washington makes progress toward a settlement, an official of a business group said Tuesday.

The disclosure is the first public confirmation of U.S. companies' fears that their operations in China or access to its markets might be disrupted by the battle over Beijing's technology policy. China is running out of American imports for penalties in response to U.S. President Donald Trump's tariff hikes, which has prompted worries that Chinese regulators might target operations of U.S. companies.

The license delay applies to industries Beijing has promised to open to foreign competitors, according to Jacob Parker, vice president for China operations of the U.S.-China Business Council. The group represents some 200 American companies that do business with China.

In meetings over the past three weeks, Cabinet-level officials told USCBC representatives they are putting off accepting applications "until the trajectory of the U.S.-China relationship improves and stabilizes," Parker said.

Chinese authorities have promised to increase foreign access to areas including banking, securities, insurance and asset management. "There seem to be domestic political pressures that are working against the perception of U.S. companies receiving benefits" during the dispute, Parker said.

As for what improvement might entail, Parker said Chinese officials want an end to Trump's tariff hikes and a negotiated settlement. He declined to identify the officials but, in a sign Beijing wants foreign companies to help lobby Washington, said the meetings represented "unprecedented access" for his group.

Beijing matched Trump's earlier tariff increase on $50 billion of imports but is running out of American goods for retaliation due to their lopsided trade balance. China bought American goods worth about $1 for every $3 of goods it exported to the United States.

Trump is poised to decide whether to raise duties on $200 billion of Chinese goods. Beijing has issued a $60 billion list of goods for retaliation. A foreign ministry spokesman, Geng Shuang, said Monday that China will "definitely take countermeasures" if the tariff hike goes ahead.

Hunter | Hunter original Hunter original | short wellies in blue 4f41e60 -
An online video about U.S.-China trade tensions produced by China's state television broadcaster plays on a computer screen in Beijing, China on Aug. 23, 2018. /AP

Economists have warned Beijing might target service industries such as engineering or logistics, in which the United States runs a trade surplus with China.

Chinese commentators have suggested Beijing might use its multitrillion-dollar holdings of U.S. government debt as a weapon, though that would impose costs on China. State-controlled media have encouraged boycotts of Japanese and South Korean products in past disputes with those governments.

The government said in June it would impose unspecified "comprehensive measures" if necessary. That left U.S. companies on edge about whether Beijing will use its heavily regulated economy to disrupt their operations by withholding licenses or launching tax, anti-monopoly or other investigations.

Chinese leaders reject Trump's demand to roll back official industry plans such as "Made in China 2025," which calls for state-led creation of global champions in robotics, artificial intelligence and other technologies.

Washington, Europe and other trading partners say those plans violate Beijing's market-opening commitments. But Communist leaders see them as a path to prosperity and global influence.

Chinese negotiators agreed in May to narrow their multibillion-dollar trade surplus with the United States by purchasing more American soybeans and other products. Beijing scrapped that deal after Trump's first tariff increase went ahead July 6.

In addition to rolling back industry plans, the Trump administration wants Beijing to reduce the privileges of state-owned companies and eliminate requirements for foreign companies to hand over technology to Chinese partners.

In their meetings with the USCBC, Chinese officials expressed willingness to buy more American exports but "showed no appetite at all" to talk about industry reform, technology policy or other U.S. priorities, Parker said. "I don't consider that to be very positive for any kind of negotiated outcome in the short term or medium term," he said.

Chinese regulators have shown their willingness to attack foreign companies in disputes with other governments. Last year, Beijing destroyed South Korean retailer Lotte's business in China after it sold a golf course in South Korea to the country's government for construction of a missile defense system opposed by Chinese leaders.

Beijing closed most of Lotte's 99 supermarkets and other outlets in China. Seoul and Beijing later mended relations, but Lotte gave up and sold its China operations.

Adidas Unisa OLIAS - Boots - blackAdidas Pura Lopez Classic heels - black , Adidas Bruno Premi High heels - neroAdidas Billi Bi Ankle boots - red , Adidas Dockers by Gerli Trainers - schwarzAdidas CAFèNOIR Classic ankle boots - noir , Adidas Pretty Ballerinas Over-the-knee boots - olive , Adidas Massimo Dutti Classic heels - black , Adidas Bronx Classic ankle boots - offwhiteAdidas Adele Dezotti Cowboy/Biker boots - nero , Adidas Aigle MALOUINE - Wellies - noir/camel , Adidas Pons Quintana Ankle boots - blackAdidas Helia Classic ankle boots - blackAdidas Shabbies Amsterdam Winter boots - cognac , Adidas xyxyx Classic ankle boots - silberAdidas Lamica ENTE - Boots - brownAdidas Geox TABELYA - Trainers - blackAdidas Pepen Sole Cowboy/Biker boots - black , Adidas Donna Carolina Ballet pumps - rosso , Adidas Alberto Zago Platform sandals - rosso , Adidas Jonak SEMPRE - Slip-ons - nutAdidas H.I.S Cowboy/Biker boots - dark grey , Adidas Office FLORENTINE - Slip-ons - greenAdidas Pons Quintana Over-the-knee boots - brownAdidas Billi Bi Ankle boots - black , Adidas Marco Tozzi Platform boots - bordeaux , Adidas Gabor Classic heels - dark grey , Adidas Sixtyseven STAY - Trainers - blackAdidas s.Oliver Classic ankle boots - nut
Boutique Moschino Ankle Boot - Women Boutique Moschino Ankle Boots online on YOOX United Kingdom - 11446039XF , men's/women's BOBS from SKECHERS Pureflex Sneakers & Athletic BOBS from SKECHERS Ideal gift for all occasions , Antonella Righi Loafers - Women Antonella Righi Loafers online on YOOX United Kingdom - 11489839WI24HORAS 23635 WEDGE-HEEL SANDALS FOR WOMENSTROVER 2225 FASHION FOOTWEAR FOR WOMEN , TSUGI Shinsei evoKNIT Sneakers | PBlack-Puma Black-Puma White , Golden Goose Deluxe Brand Ankle Boot - Women Golden Goose Deluxe Brand Ankle Boots online on YOOX United Kingdom - 11379223XS , Officine Creative Italia Ankle Boot - Women Officine Creative Italia Ankle Boots online on YOOX United Kingdom - 11551278PK , Tory Burch Gold Thatched Perforated Wedge Slide 65mm Metallic Logo Leather Platinum Sandals , THIERRY RABOTIN 744 Md ZAPATO DE CU?A PARA MUJERMISS Balenciaga Men’s Sneaker Sneakers Different styles and styles , womens Nike Red Airmax 90 Sneakers Exquisite workmanship , Men/Women Sperry Seabrook Elsie Sandals Immediate delivery , mtng VELETA - Classic ankle boots , Mizuno WAVE GHOST - Handball shoes - black/whiteGiorgio 1958 Classic ankle boots - noce , Bj?rn Borg CURD - Trainers - brownA.Testoni Loafers - Men A.Testoni Loafers online on YOOX United Kingdom - 11547650LN , man/woman Saucony Originals Jazz O Cozy Sneakers & Athletic Saucony Originals cheaperman/woman Globe Mahalo Lyte Sneakers & Athletic Globe Fine artDeimille Court - Women Deimille Courts online on YOOX United Kingdom - 11338902SW , Fabi Court - Women Fabi Courts online on YOOX United Kingdom - 11536387CN , Ruco Line Sandals - Women Ruco Line Sandals online on YOOX United Kingdom - 11559536PLEmanuela Passeri Sandals - Women Emanuela Passeri Sandals online on YOOX United Kingdom - 11570270VVTriver Flight Loafers - Men Triver Flight Loafers online on YOOX United Kingdom - 11481542DM , Fashion dynamic Ariat Grasmere Pro GTXFmC4KT8M Ladies Plomo Wedges Different productsValentino Blue Green Pink Rockstud City T Strap Block PumpsBuscemi Off White/Grey/Wine Womens 100mm Tassel All Accesories SneakersBurberry Black Studded Leather and Checked Canvas Sneakers Sneakers ,

Hunter | Hunter original Hunter original | short wellies in blue 4f41e60 -

  • Copyright © Chosunilbo &
Hunter | Hunter original Hunter original | short wellies in blue 4f41e60
Previous Next
All Headlines Back to Top
Shoes 2611957