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US plan to exact China tariffs over 'intellectual property theft'
来源： 编辑：编辑部 发布：2018/03/28 14:10:41
ANGRY about alleged intellectual property theft, President Donald Trump has announced US$60 billion of tariffs against China's steel exports, reports Bloomberg.
The Trump administration is targeting more than 100 different types of Chinese goods. The value of the tariffs was based on US estimates of economic damage caused by intellectual property theft by China.
Statutory language allows the executive branch broadly to take action to bring about the elimination of any harmful conduct found through such reviews.
After a period of public notice and comment, US Trade Representative Robert Lighthizer will publish a final list of products and tariff increases, the agency said.
It was the administration's first trade action directly aimed at China, which he has blamed for the hollowing out of the American manufacturing sector and the loss of US jobs.
Wei Jianguo, former vice commerce minister and now an executive deputy director of the China Centre for International Economic Exchanges, a state-funded think tank said it was a "declaration of trade war".
Said Wei: "China is not afraid, nor will it dodge a trade war. Trump should know that this is a very bad idea, and there will be no winner, and there will be no good outcome for both nations."
Mr Lighthizer said he has found strong evidence that China uses foreign-ownership restrictions to compel US companies to transfer technology to Chinese firms.
The US also suspects Beijing directs firms to invest in the US with the purpose of engineering large-scale transfers of technologies that the Chinese government views as strategic, said a USTR official.
The investigation also found strong evidence China supports and conducts cyberattacks on US companies to access trade secrets, according to the official.
China is preparing to hit back levies aimed at industries and states which tend to employ his supporters, the Wall Street Journal reported.
"We have a serious problem of losing our intellectual property, which is really the biggest single advantage of the American economy," said Mr Lighthizer. "We are losing that to China."
The Trump administration is targeting more than 100 different types of Chinese goods. The value of the tariffs was based on US estimates of economic damage caused by intellectual property theft by China.
Statutory language allows the executive branch broadly to take action to bring about the elimination of any harmful conduct found through such reviews.
After a period of public notice and comment, US Trade Representative Robert Lighthizer will publish a final list of products and tariff increases, the agency said.
It was the administration's first trade action directly aimed at China, which he has blamed for the hollowing out of the American manufacturing sector and the loss of US jobs.
Wei Jianguo, former vice commerce minister and now an executive deputy director of the China Centre for International Economic Exchanges, a state-funded think tank said it was a "declaration of trade war".
Said Wei: "China is not afraid, nor will it dodge a trade war. Trump should know that this is a very bad idea, and there will be no winner, and there will be no good outcome for both nations."
Mr Lighthizer said he has found strong evidence that China uses foreign-ownership restrictions to compel US companies to transfer technology to Chinese firms.
The US also suspects Beijing directs firms to invest in the US with the purpose of engineering large-scale transfers of technologies that the Chinese government views as strategic, said a USTR official.
The investigation also found strong evidence China supports and conducts cyberattacks on US companies to access trade secrets, according to the official.
China is preparing to hit back levies aimed at industries and states which tend to employ his supporters, the Wall Street Journal reported.
"We have a serious problem of losing our intellectual property, which is really the biggest single advantage of the American economy," said Mr Lighthizer. "We are losing that to China."