China approves 13 new Ivanka Trump trademarks in 3 months

China approves 13 new Ivanka Trump trademarks in 3 months

China approves 13 new Ivanka Trump trademarks in 3 months

The US trade sanctions announced in March including restrictions on Chinese investment, export controls and 25 percent tariffs on as much as $50 billion in Chinese tech goods remain under development, the White House said.

The White House wrote in its statement on Tuesday that the United States "will continue efforts to protect domestic technology and intellectual property, stop noneconomic transfers of industrially significant technology and intellectual property to China, and enhance access to the Chinese market".

The list of imports subject to the duties will be announced by June 15, the White House said, and the tariffs will be imposed "shortly thereafter".

The Chinese trade maneuvers come after the White House Tuesday unexpectedly announced that it was moving head with plans to impose tariffs on $50 billion of Chinese goods.

Trump announced in April he planned to impose tariffs on $150 billion worth of Chinese goods, and Beijing responded by declaring it will retaliate by imposing similar amount of tariffs of imported American goods.

Just ten days ago, the world market was returning to calm after an agreement between China and the United States that established an understanding on their trade differences, but now uncertainty has return due to the same reasons.

Mr Trump had already fuelled uncertainty over trade talks with China, after saying last week that any deal between Washington and Beijing would need "a different structure".

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The ban was meant to be punishment for what USA officials said were false statements by ZTE over actions it claimed to have taken regarding the illegal sale of goods to Iran and North Korea.

The spokeswoman, Hua Chunying, declined to say whether Tuesday's announcement might disrupt plans for Commerce Secretary Wilbur Ross to visit Beijing for talks starting Saturday. "China's attitude, as always, is: we do not want to fight, but we are also not afraid to fight", said one Xinhua reporter.

It follows the imposition of a 25 percent tariff on all steel imports and 10 percent on aluminum imports from China.

The administration also said it would pursue a settlement over its dispute with China before the World Trade Organization regarding what it says were unfair technology licensing deals. Politico's profile notes that Ross, who was brought in as a trade hardliner, has been eclipsed by USTRO Robert Lighthizer, who wrote the damning report on China's intellectual property theft in March. The status of the agreement is unclear now that U.S. tariffs look set to go forward.

The fund's recommendations chime with the criticisms that the Trump administration has leveled at Beijing in the course of the current trade dispute.

Trade tensions between Washington and Beijing are likely to generate uncertainty with potentially serious consequences for the Chinese economy, Alfred Schipke, senior resident representative in China of the International Monetary Fund, told a press briefing.

According to China, it was a surprise movement that totally opposes the two countries' agreement. The White House, and many American companies, say that China forces USA firms to turn over technology as part of joint ventures with Chinese companies to gain access to its market.

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