The Trump administration plans to shorten the length of validity for some visas issued to Chinese citizens, the State Department said today, as President Donald Trump works to counter alleged theft of USA intellectual property by Beijing.
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. The full list of imports that will be covered will be announced by June 15.
People walk by an electronic display panel advertising a video footage of Chinese President Xi Jinping speaking at the World Economy Forum on a street in Beijing, Wednesday, May 30, 2018.
But the statement comes just a little more than a week after Mnuchin stated that the tariffs would be temporarily suspended in the wake of China's pledge to buy billions of dollars more of American products, specifically farm goods such as soybeans and energy resources such as liquefied natural gas.
The comments came after the USA said on Tuesday that it might go ahead with tariffs on billions of dollars of Chinese goods unless Beijing addresses the issue of theft of United States intellectual property.
But Chinese media had noted that the deal with the USA could see some Australian imports sidelined, including beef and wine, which had gained preferential access under Australia's Free Trade Agreement with China. A delegation led by U.S. Commerce Secretary Wilbur Ross is due to arrive Saturday in China.
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China is ready to retaliate after the United States revived plans to hit it with new tariffs.
"After lengthy second round of talks in Washington, the two sides issued a joint statement vowing not to launch a trade war against each other". The merry little trade war with China appears to be back on, as the White House announced tariffs on a broad range of imports.
In addition to the bilateral talks with Beijing, the United States also will continue to pursue the complaints filed in the World Trade Organization as well as the cases against individual products. 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.
Commerce Secretary Wilbur Ross is to visit Beijing this week to try and get China to agree to firm numbers for additional United States exports to the country. "What we're having with China is a trade dispute - plain and simple".
"Trump is going on offense, reverting to his earlier instincts on China and re-empowering the trade hawks in his Cabinet", Eurasia Group said. The White House accused China of placing outrageous levies and requirements on stuff exported from the States to the Middle Kingdom, for allowing Chinese organizations to rip off American technology or steal blueprints through corporate espionage, and basically for making life hard for U.S. enterprises.
The State Department noted these changes will go into effect starting on June 11.
Either way, repeated changes to the U.S. strategy on China may only bog down talks with Beijing moving forward, Reinsch said.