United States to impose limits on some Chinese visas

30 May, 2018, 17:16 | Author: Edward Snyder
  • Ivanka Trump arrives for an event with First Lady Melania Trump to launch initiatives for Be Best which includes the well-being of children at the White House in Washington D.C

President Trump signed a memorandum in late March announcing the administration would take steps to protect domestic technology and intellectual property from China's "discriminatory and burdensome" trade practices. But the US has yet to publish a list of targeted products for the $100 billion, and the White House statement on Tuesday made no reference to the second potential tranche of duties. The Ministry said the White House's announcement "is contrary to the consensus the two sides have previously reached", according to China's official news agency, Xinhua.

"The Trump administration's move to impose a hefty 25 per cent tariff on the United States dollars 50 billion worth of Chinese goods and tighten its noose against China's alleged theft of US" intellectual property rights will have an adverse impact on American consumers, industry leaders and lawmakers have warned.

The White House also says the United States is planning new investment restrictions and export controls.

It was yet another apparent change of course for Trump, who veers from harsh threats to promises of compromise and back again on trade and other more sensitive issues.

Trump has bemoaned the massive USA trade deficit with China - $337 billion past year - as evidence that Beijing has been complicit in abusive trading practices.

"China's trade practices raise serious concerns but job-killing tariffs aren't the answer", the statement said.

Pang Zhongying, a professor of global relations at Ocean University of China, said that while the White House's announcement was probably made with one eye on the midterm polls, it was a clear reminder that the trade dispute was still very much alive.

Washington will also press ahead with restrictions on investment by Chinese companies in the United States as well as export controls for goods exported to China, the statement from the White House said. President Donald Trump's plan to push ahead with tariffs on $50 billion of Chinese imports despite a recent truce in the trade fight, saying it damages America's standing.

Details of the investment and export controls will be announced by June 30 and the final tariff list will be published by June 15. Last year, Ivanka Trump's business was granted preliminary approval for three trademarks the same day she had dinner with Xi at Mar-a-Lago.

"We're putting the trade war on hold", Mnuchin said at the close of those meetings on May 20.

U.S. Chamber of Commerce President Thomas Donohue said using tariffs against China "puts all the burden on American companies and consumers".

Given ZTE's dependency on USA technology, his actions brought the Chinese company to the brink of bankruptcy, forcing Xi Jinping to plead for Trump's mercy. Bloomberg had reported that "a potential bill to prohibit ZTE Corp. and other Chinese telecommunications companies from operating in the US would have supermajority support in Congress, Republican Senator Marco Rubio said".

They added the products included on the list are related to the "Made in China 2025" program, . a 2015 initiative promoting China's information technology, robotics, aerospace, marine, rail, auto, power, agriculture and bio-medical industries.



Why you must catch up on lost sleep in weekends
Possibly, long weekend sleep may compensate for short weekday sleep . "It's a fundamental part of our biology, like breathing". People in their late teens and 20s slept on average for seven hours a night during the week but 8.5 hours on days off.

Iran, world powers meet to salvage nuclear deal
With the re-imposition of such sanctions, Iran will no longer have any incentive to stick to its part of the nuclear deal. In pith and marrow, it is evident that the Iran's nuclear agreement is paramount for the region and the world at large.

NHL Stanley Cup: Vegas Golden Knights close to beating 500-1 odds
Marc-André Fleury had a rare off evening in his remarkable playoff run with the extraordinary expansion Vegas Golden Knights. As incensed teammates flocked to Wilson, Marchessault headed to the locker room under his own power.

Beijing military chiefs: U.S. warships 'seriously infringed' on China
USA warships on Sunday cruised by two disputed islands in the South China Sea in a planned exercise, Reuters reported. China has territorial claims to about 90 percent of the South China Sea, which has put it at odds with its neighbors.

Trump says detained American released in Venezuela
Holt and his wife were being held at a prison in Caracas known as the Helicoide where the Sebin keeps political prisoners. The president met with Josh Holt Saturday at the White House, just moments after he touched down on US soil with his wife.

Death toll rises to 4 in Cyclone Mekunu in Oman
A holiday destination, Salalah's empty beaches were strewn with debris and trash while churning waves inundated unprotected areas. Mekunu, one of the strongest to hit the Middle Eastern country, was recorded as being equivalent to a category 3 hurricane.

China, Burkina Faso resume diplomatic ties
Burkina Faso's decision means Taiwan is recognized as a sovereign nation by only 18 mainly small, developing countries. Thai also accused China of using "dollar diplomacy " to lure away Taiwan's diplomatic allies.

Harvey Weinstein hands himself in to police in NY
Harvey Weinstein's courthouse arrival "Today's charges reflect significant progress in this active, ongoing investigation". Weinstein is also under investigation for similar charges in London and Los Angeles .

CSK vs SRH: Who will win today’s IPL 2018 Final game?
The Chennai Super Kings , easily among the most venerated teams cricket has ever known, have won the IPL in their comeback year. At Bangalore against RCB, when they bowled first and gave away 218, Rashid's figures read 3 for 27.

Battlefield 5 ditches Premium season pass for live services component
This is understandable, as EA stablemate Star Wars: Battlefront 2 was at the forefront of renewed scrutiny of loot box practices. Interestingly, there was no mention of the heavily rumored battle royale mode that DICE has reportedly been working on.