In May 30th, President Trump said on Tuesday that the United States would impose tariffs on China's $50 billion imports to resist China's acquisition of US technology and set new restrictions on China's investment in high-tech industries in the United States.
Trump's move to distance US Treasury Secretary Stephen
Even if US trading partners complain that the move is damaging the credibility of the United States, a sudden policy shift directly amplifies the unpredictable atmosphere and increases the advantage of the United States at the negotiating table. More confusing is that there are many differences between Trump's trade advisers and congressmen, who fear that the president may fall into a costly multilateral trade war.
With the constant confrontation with China, the Trump administration has been involved in a new trade agreement on North America and threatened to impose tariffs on imported cars. President Trump's enthusiasm for collecting import taxes on various products has aroused strong opposition from many members of the party, including the Senate Finance and the chairman of the Agricultural Committee.
China's initial reaction to the White House statement was rather restrained. China's Ministry of Commerce said Tuesday that
President Trump has been pressing China to urge it to reduce the US $375 billion trade deficit and to abolish what he calls trade actions that hurt American companies.
Earlier this month, China and the United States held two days of talks in Washington. China is only vague about its promise to import more US agricultural and energy products.
Former head of the International Monetary Fund in China, Esquire
A White House statement said U.S. Trade Representative Robert
The White House said:
The White House said that the specific content of the new investment restrictions will be announced before June 30th and will be in place.
The White House ' s announcement may be just the latest sign of the Trump administration ' s trade talks with carrot - intensive ways . After a $ 15 billion tariff on Chinese products in April , the U.S . and the U.S . conducted a two - day talks in Washington earlier this month to arrive at the U.S . Treasury secretary , Machin .
While President Trump may change his strategy again, a $50 billion tariff on goods is now being raised again.
The White House statement on investment restrictions comes amid criticism from both parties
Trump expressed concern about China's attempts to acquire more American technology. White House senior official Wright F Ze (Lighthizer) and Peter Navarro (Peter Navarro) have promoted the new restrictions. The move is part of a comprehensive rebalancing of China's economic relationship with the aim of preventing China's high-tech industry from dominating the future.
Earlier this month, Leitzer said it would continue to allow Chinese state-owned investment companies to acquire stakes in U. S. technology companies.
The White House said that 25% of the tariffs will apply to imported Chinese products containing advanced technology, including China's 2025 development plan related imports. The final tariff list will be announced before June 15th, and the new import tax will take effect shortly thereafter.
The White House's unexpected statement was supported by the Democratic leader of the Senate and was affirmed by a prominent Republican who had made a sharp criticism of Trump's way of dealing with ZTE.
Senator Charles, New York.
Republican Senator Mike.
Meanwhile, business groups generally criticized Trump's move. Many American industries support a variety of trade practices in China, including their unfair licensing terms and forced technology transfers in return for the entry into the Chinese market. But they worry that President Trump's excessive attention to the tax levy will hurt them, because it will damage the supply chain, lower the demand for its products and incur retaliation in China.
Thomas, chairman of the American Chamber of Commerce (AmCham), U.S. Chamber of Commerce)
Dean, chairman of the information technology industry committee, which represents Apple, Google and Facebook, among other technology companies
At the same time, he added, the Chinese government may interpret President Trump's latest change as a response to domestic political pressure.
If Trump's move is to put pressure on China ahead of Ross's talks in Beijing on Saturday, it could backfire. Another former U.S. trade official, Claire.
Reed said that if China failed to make significant progress in diplomatic negotiations before June 15th, it could trigger a U.S. tariff and a rapid retaliation in China, leading to a spiral of bilateral relations that both sides have been trying to avoid.