Trump’s ‘trade war’ with China angers United States farmers

The investigation under the Section 301 of the 1974 Trade Act has identified theft from and coercion of USA companies to disclose their intellectual property as well as purchases by Chinese state funds of U.S. companies for their technology knowledge.

It has also pressed China to cut its staggering $375 billion trade surplus with the United States by $100 billion. Trump has constantly spoken of having reciprocal trade agreements that will benefit the American worker.

“The word is reciprocal”.

“I don’t agree with President Trump on a whole lot, but today I want to give him a big pat on the back”. We want reciprocal, mirror.

“Tariffs are a hidden tax on Americans”, Rick Helfenbein, president of the American Apparel and Footwear Association, said in a statement.

Mr. Hugh, who moved to Australia from China in 1990, said he had returned many times before without trouble. That’s the way it’s got to be. But a senior White House official told reporters earlier in the day that the number would be close to 50 billion dollars. Last year, the two countries exchanged $636 billion worth of goods, and American companies such as Boeing and Caterpillar depend heavily on the Chinese market.

India has started purchasing energy – oil and gas – from the USA and arms purchase worth billions of dollars is in the pipeline.

The key difference between China and Russia’s influence campaigns is that China is better at it, according to a former adviser to Australian prime minister Malcolm Turnbull.

In addition, China has also approved the creation of new broadcaster called “Voice of China”, which will consolidate several existing state TV and radio stations, the document said.

Hua called on the United States to “attentively read and study” what she described as “President Xi Jinping’s important remarks” delivered at the closing ceremony of the latest session of the National People’s Congress on Tuesday.

“The remedies, in my judgment at least, would be one, doing something on the tariff front, and two, doing something on the investment front, and then perhaps other things”, said Lighthizer, a lawyer and veteran trade negotiator.

“In terms of the potential for a major escalation and, therefore, for a major disruption of world trade, world growth and also financial markets, the risk is much higher”, said Ebrahim Rahbari, director of global economics at Citigroup in NY.

The United States has made a decision to exempt the European Union and six other countries from the steel and aluminium tariffs. “We have some of our great business leaders and leaders right behind me”, he added.

Those rules are embodied and overseen by the World Trade Organization, which now sees its authority challenged and possibly diluted by the USA government’s move to create tariffs without prior consultations – posing a threat to a trade architecture meticulously built up over decades.

The USTR report concluded that China uses foreign ownership restrictions, including joint venture requirements, equity limitations and other investment restrictions to require or pressure technology transfer from US companies to Chinese entities.