U.S. to slap restrictions on some Chinese investments

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"The United States will impose a 25 per cent tariff on $50 billion of goods imported from China containing industrially significant technology, including those related to the "Made in China 2025" programme", the White House said in a statement.

The team's arrival comes just a day after the United States surprised Beijing by announcing that it will move forward with a tariff of 25 percent on $50 billion worth of Chinese imports and unveil investment and export restrictions on hi-technology. Also, China was made to make a promise that they will buy more of USA agricultural and energy products.

The new visa policy shifts come as Trump is knee-deep in a controversial new tariff plan targeting Chinese trade and is meant to protect against the theft of us intellectual property, or so the reasoning goes.

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".

It was written before the White House announced on Tuesday that it would push ahead with tariffs, despite an earlier agreement to put them on hold.

"As a long-term strategy, I don't see him backing down in his demands on China", Moore said. The Commerce Ministry didn't respond to questions about the status of the meeting, but the American Embassy said a delegation of trade, agriculture and treasury officials had arrived in the Chinese capital to make preparations.

She said the US' threat to raise duties on Chinese goods goes against the consensus the two countries reached in Washington and jointly announced earlier in May. In retaliation, China threatened to impose a 25 percent tariff on Dollars 50 billion worth of USA exports. The new rules will prevent Chinese companies from investing in and getting access to technology developed in the USA that could be copied and used by Chinese firms or the Chinese government. Under the deal, ZTE will oust its management team, hire American compliance offers and pay a fine - on top of the $1 billion it's already paid for selling equipment to North Korea and Iran in violation of USA sanctions.

In return, the Commerce Department lifted a seven-year ban on ZTE's purchase of US components that it had just imposed earlier in May. Trump tweeted last month that the ban threatened too many Chinese jobs and he wanted to get the company "back in business, fast".

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The sudden policy shifts are amplifying an impression of unpredictability that the president believes gives him an edge at the bargaining table even as US trading partners complain that it erodes American credibility. "China imposes much higher tariffs on USA exports than the United States imposes on China", the White House complained. Under that program, China aims to take a leading role in areas such as artificial intelligence, robotics, and electric cars.

Details of the final tariff list of $50bn of imports to the USA will be published by 15 June, with investment and export controls to be announced by 30 June. This list consists of items related to medical devices and industrial machinery.

Commerce Secretary Wilbur Ross will head to China to talk with the government on Saturday. Mnuchin also forecast a doubling in sales of USA energy products to the Chinese market, increasing energy exports by $50 billion to $60 billion in the next three to five years.

These measures will be taken pursuant to the decisions made by US President Donald Trump on March 22 of this year, the press service said. China also subsidizes many favored industries.

But Beijing did not agree to any specific dollar amounts, despite the Trump administration's push to lower the USA trade deficit by at least $200 billion.

Trump has raised concerns about China's attempt to siphon USA technology secrets since his presidential campaign.

The announcement is another apparent change of course for Trump, who veers from harsh threats to promises of compromise and back again on trade and other sensitive issues. That's good for global stability, he added.