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"For more than a year, the Trump Administration has urged China to end its unfair practices, open its market and engage in real competition," he said. said Robert Lighthizer in a statement. "China has begun retaliating against US products," he added.
The list of new sanctions follows Trump 's warnings that he could impose tariffs of at least $ 500 billion. Despite the president's threats, China imposed retaliatory tariffs in the United States shortly after the $ 34 billion came into effect last week.
Trump has repeatedly threatened to worsen the trade dispute with China. The dispute with Beijing has shaken financial markets around the world, including stocks, currencies and global trade in commodities from soya beans.
U.S. "On Friday, in response to unfair Chinese practices, the United States began imposing tariffs of 25 percent on Chinese imports of about $ 34 billion, which will eventually cover up to 50 percent. billions of dollars in Chinese imports as the legal processes conclude. The products covered by the tariffs are those that benefit from China's industrial policy and forced technology transfer practices.
China has responded with the United States by imposing $ 34 billion rights on US exports to China As a result of China's retaliation and its inability to change its practices, the President ordered the USTR to 39; start the process of imposition of 10% tariff on an additional $ 200 billion of Chinese imports. </ P> <p> It is an appropriate response under the & &…………… Article 301 to achieve the elimination of China's harmful industrial policies. The USTR will proceed to a transparent and comprehensive public notice and comment process prior to the imposition of final rates, as we have done for previous rates.
On August 14, 2017, President Trump asked the USTR to begin the process. For many years, China has engaged in abusive business practices in intellectual property and innovation. The USTR conducted a thorough investigation over an eight-month period, including public hearings and submissions. In a 200-page detailed report, the USTR found that China was engaged in an industrial policy that had resulted in the transfer and theft of intellectual property and technology to the detriment of our economy and the economy. The future of our workers and businesses. The article 301 report revealed that Chinese policies and practices required US innovators to put their technology and know-how back at the cost of doing business in China. China is also using non-economic means to obtain US technology, such as the use of state-owned funds and companies to buy American companies and impose binding licensing requirements on intellectual property. China. The USTR report also revealed that the Chinese government is sponsoring the outright theft of US technology for commercial purposes. These practices pose an existential threat to the most critical comparative advantage of America and the future of our economy: our intellectual property and our technology.
For more than a year, the Trump administration has urged China to stop its unfair practices. and engage in real competition in the market. We have been very clear and detailed about the specific changes that China should undertake. Unfortunately, China has not changed its behavior – a behavior that jeopardizes the future of the US economy. Rather than responding to our legitimate concerns, China has begun retaliating against US products. As in the past, the United States is willing to engage in efforts to address our concerns regarding China's unfair trade practices and to open its market to US goods and services. . In the meantime, we will remain vigilant in defending the ability of our workers and businesses to compete on a fair and reciprocal basis. "
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