U.S. to continue trade actions, litigation at WTO against China - White House

President Trump

The Trump administration on Tuesday moved forward with restrictions on Chinese investment in the United States and tariffs on $50 billion worth of Chinese goods despite talks that seemed to alleviate trade tensions between the two countries.

The countries said China would "significantly increase" purchases of USA goods and services to reduce their trade imbalance, a top Trump administration demand, and pledged to continue talks.

The statement further read, "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 new investment restrictions and export controls - to be imposed on "industrially significant technology" - will be announced by June 30. The final tariff list will be made public by June 15 with the new import taxes taking effect shortly thereafter. The communist regime has also engaged in rampant intellectual property theft.

"Whatever measures the United States takes, China has the confidence, capability and experience to defend the interests of Chinese people and the core interests of the country", the Ministry said in a statement published by state news agency Xinhua.

Critics believe that the administration is being a little light on China after Treasury Secretary Steven Mnuchin remarked that while the two parties did their talks regarding trade the tariffs were kept on hold.

If the US insists on unilateral measures, China will respond accordingly, foreign ministry spokeswoman Hua Chunying told reporters in Beijing on Wednesday.

When Trump first directed US Trade Representative Robert Lighthizer to levy tariffs on $50 billion worth of Chinese exports in March, following a months-long investigation into intellectual property theft, the move was hailed as a victory for trade hawks in the Trump administration.

He acknowledged the U.S. had limited options for keeping China from developing its domestic industries, but said "what we can do is we can stop them from putting our high-tech industries out of business with the tariffs".

Vettel: Ricciardo had the answer at all times
Ricciardo will be optimistic of grabbing his second win of the season, after victory in China last month, and seventh overall. The hypersofts were expected to last 22 laps, but Hamilton made a decision to do away with his after only 12 laps.

"Clearly, it will take more than vague promises to reduce the trade deficit with China", Oxford's Vanden Houten noted.

Commerce Department Secretary Wilbur Ross is scheduled to visit China on Saturday to negotiate the details of that agreement.

"The Chinese government will have the necessary measures in place to deal with a U.S. withdrawal from any settled agreement - if the USA wants to play games, then China would be more than willing to play along and do so until the very end", China's Global Times tabloid commented. "We are very surprised by the White House statement".

Other analysts, however, say the newly confrontational stance may be meant to appease congressional critics of a deal the Trump administration made Friday that allowed Chinese telecom giant ZTE Corp.to stay in business.

Analysts said the renewal of the tariff threat could disrupt Ross's planned talks in China this weekend.

If the new tough approach by the US trade team is a negotiating tactic, China is warning it won't back down.

And doubts remain about whether China will address allegations the Chinese engage in cybertheft of trade secrets, force US companies to transfer some of their technology in exchange for market access or back away from its China 2025 plan to dominate emerging technologies.

Related news:

Hot News

isis-killer-beheading-video-story-top Sears closing Tacoma Mall store, scores of others as sales plunge
Jun 01, 2018 - 00:50
See "Related Links" on the right side of this story for a full list of the 72 Sears and Kmart stores slated to close. The Kmart store at 9881 W. 58th Ave.in Arvada was on the list of closures the retailer released Thursday afternoon .

isis-killer-beheading-video-story-top John Goodman Reacts To 'Roseanne' Cancellation
Jun 01, 2018 - 00:32
Netflix's One Day At A Time is a reimagining of the Norman Lear-produced series that aired on CBS from 1975 to 1984. Before retweeting the conspiracy theory, Barr asked Cornett if the post was true.

isis-killer-beheading-video-story-top Warriors confirm Iguodala to miss NBA Finals opener
Jun 01, 2018 - 00:31
On the eve of his fourth straight Finals, I just wanted to highlight how absurd Curry's shooting has been over the last few years. The best thing the Cavs may have going for them is that the Warriors suffered bouts of impatience against Houston .

isis-killer-beheading-video-story-top Activist against Muslim rapists sentenced hour after arrest
Jun 01, 2018 - 00:16
Matthew Harding, mitigating, said Robinson felt " deep regret " after realising the potential consequences of his actions. He said Robinson had broadcast details of the defendants and the charges they faced, including some wrong information.

isis-killer-beheading-video-story-top Kim expresses willingness to meet Trump
May 31, 2018 - 23:15
But he was granted special permission for official travel to the United States, said State Department spokeswoman Heather Nauert. His journey to the United States caps a frenetic few days of meetings between North Korean and American officials.

isis-killer-beheading-video-story-top Trump Mourns 'Young And Beautiful' Lives 'Destroyed' By Russia Probe
May 30, 2018 - 22:24
"It should be very easy to brief us", Giuliani said . "The president has every right to know as commander-in-chief", he said. House Minority Leader Nancy Pelosi has urged Democratic colleagues not to stress impeachment before the elections this year.

isis-killer-beheading-video-story-top India, Russia conclude negotiations for S-400 Triumf deal
May 30, 2018 - 22:13
Washington has also tightened sanctions against Venezuela over the controversial re-election of President Nicolas Maduro. Indian Foreign Minister Sushma Swaraj said New Delhi will not make foreign policy decisions under pressure from others.

isis-killer-beheading-video-story-top Ambien Hits Back at Roseanne: "Racism Is Not a Known Side Effect"
May 30, 2018 - 21:30
But cancelling " Roseanne " is "like taking off "All in the Family" or "I Love Lucy" or Andy Griffith at their zenith", he said. Then she posted retweets from followers who blamed the liberal entertainment industry.

isis-killer-beheading-video-story-top Syrian army ready for southern battle
May 30, 2018 - 21:29
The two nations allegedly sent representatives to stay in a hotel in Amman, Jordan in next door rooms. Assad's government has recaptured all rebel-held territory near the capital this year.

isis-killer-beheading-video-story-top Andrew Lincoln leaving the show after season 9
May 30, 2018 - 21:02
The eighth series received its lowest ratings since season one, and is thought to have lost a third of its young adult audience. AMC, meanwhile, has not commented on the matter and it's likely they'll want to hang on to the news for as long as possible.

isis-killer-beheading-video-story-top Tips: How To Make Memorial Day Travel Easier This Weekend
May 29, 2018 - 00:43
The Tennessee Highway Patrol and Virginia State Police will have more troopers on the roads for the holiday. Gas prices are rising, but not enough to keep New Mexicans from hitting the road this holiday weekend.

isis-killer-beheading-video-story-top ACC Baseball Championship 2018: FSU Tops Louisville in Extras to Claim Title
May 29, 2018 - 00:30
Stanford (44-10 overall), which won the Pac-12 by a game and a half over OSU (44-10-1), was also selected as a regional host. They are paired with the Clemson Regional, setting up a potential All-ACC Super Regional.

isis-killer-beheading-video-story-top Horrific Flash Floods Devastate Ellicott City in US Maryland (PHOTOS, VIDEOS)
May 29, 2018 - 00:28
Some are already asking whether enough was done after the last flood to prevent a similar catastrophe. Howard County government said the flooding was on the same scale as a deadly 2016 storm.

isis-killer-beheading-video-story-top Beijing military chiefs: United States warships 'seriously infringed' on China
May 29, 2018 - 00:28
The move has been conducted several times in the past three years in defiance of China's claims it owns the disputed territory. The U.S. military did not directly comment on Sunday's operation, but said U.S. forces operate in the region daily.

isis-killer-beheading-video-story-top Trump to meet Abe before 'expected' Kim summit
May 29, 2018 - 00:04
The meeting on Saturday is the latest chapter in a long-running diplomatic effort to end North Korea's nuclear weapons programme. Trump blamed the cancellation on the " tremendous anger and open hostility " in a recent statement by the North Koreans.