United States defends latest tariffs on China products

Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing China

Commerce Secretary Wilbur Ross is due in Beijing on Saturday after the White House renewed its threat of 25 percent tariffs on $50 billion of Chinese goods.

The latest signal from the White House sounds like the more hawkish wing of Trump's trade team is trying to amplify its hard line, after Treasury Secretary Steven Mnuchin said this month that any talk of a trade war was suspended for now.

A truce between China and the U.S. said to put a trade war on hold has dissolved in less than two weeks.

Trump also said a deal to ease sanctions on the Chinese tech giant ZTE would be forthcoming. But according to the White House, the date of 15 June is announced which would finalize the question regarding tariffs.

On Wednesday, China's commerce ministry said the USA delegation had arrived in Beijing and the teams from both countries would discuss on coming up with a consensus over the next few days.

William Zarit, chairman of the American Chamber of Commerce in China, said the US threat of tariffs appeared to have been "somewhat effective". Financial markets, wary of a calamitous trade war, were relieved.

Other advisers have pushed for tougher action, demanding that China make substantial reforms to its economy to end the subsidies it provides to developing industries and to allow American companies equal access in the Chinese market. China said the claims were unproven and sometimes speculative. But they fear the president's focus on tariffs will hurt them as much as China, by disrupting supply chains, depressing demand for their products and sparking retaliation by Beijing.

The Chinese government on Wednesday lashed out at Washington's unexpected statement on pressing ahead with tariffs and restrictions on investments by Chinese companies, saying it was ready to fight back if Washington was looking to ignite a trade war.

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Chinese government documents revealing the trademarks were first publicised by Citizens for Responsibility and Ethics in Washington (CREW).

The White House said the policies included forced technology transfer; requiring licensing at less than economic value; state-directed acquisition of sensitive U.S. technology for strategic purposes; and outright cybertheft.

The tariff threat is a "very powerful" negotiating tactic, said Lester Ross, chairman of the American chamber's policy committee. Beyond the trade deficit that Donald Trump is so aggressively obsessed with, there are significant forces in the us government that see Chinese industrial policy as predatory and unfair.

The White House announcement may be only the latest dizzying turn in Trump's carrot-and-stick approach to trade negotiations. "It is obviously against the consensus reached by the United States and China in Washington recently".

Now, tariffs on the first $50 billion are back on track - though the president could change course again.

Trump is seeking to curb investment in sensitive technology, ratcheting up pressure on Beijing.

According to a press release issued by the White House, the United States will announce investment restrictions and enhanced export controls on China by June 30.

Noting that China is engaging in a systematic and multifaceted strategy to steal intellectual property, Gaetz alleged that beyond the economic costs, this theft presented significant concerns for national security.

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