US, China impose new round of tariffs

Chinese President Xi Jinping and US President Donald Trump

U.S. President Donald Trump has threatened to put duties on nearly all of the more than $500 billion in Chinese goods exported to the United States annually unless Beijing agrees to sweeping changes to its intellectual property practices, industrial subsidy programs and tariff structures, and buys more U.S. goods.

China's Commerce Ministry said in Beijing that it has filed a complaint with the World Trade Organization over the latest round of USA tariffs.

The latest action completes the first round of duties on $50 billion in Chinese products that President Donald Trump targeted. Those talks aren't expected to draw in senior decision-makers and are predicted only to result in a joint statement of productive discussions, according to a person familiar with the agenda. "We haven't seen that yet, but we are going to continue to encourage them to address problems that we have raised". However, US President Donald Trump said he wasn't expecting much from this week's negotiations.

The Peterson Institute for International Economics says almost all of the U.S. tariffs imposed on China to date are on intermediate goods and capital equipment needed by United States industry.

China has pledged to strike back at 650 different U.S. exports including hybrid electric and off road vehicles, dump trucks, asphalt, MRI machines and motorcycles, among other items on Thursday.

Beijing has denied United States allegations that it systematically forces the unfair transfer of USA technology, and has said that it adheres to World Trade Organisation rules. -China relations at the Center for Strategic and International Studies in Washington. They know it. We have a much stronger economy than they have.

Economists reckon that every $100 billion of imports affected by tariffs would reduce global trade by around 0.5 percent.

Al Jazeera's Adrian Brown, reporting from Beijing, said the latest tariffs come at a time of economic difficulty for China.

"China resolutely opposes this, and will continue to take necessary countermeasures", it said in a brief statement.

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The Treasury Department didn't respond to an emailed request for comment.

The White House chief also accused China of manipulating its yuan currency to make up for the effect of tariffs.

"I think the fact that they would send lower level folks suggests that they're not talking about the big things", former Commerce Secretary Carlos Gutierrez said Thursday on CNBC.

"Instead, these tariffs threaten to increase costs for American families and destroy the livelihoods of US workers", Gold said.

"The gulf between the Trump administration and the Chinese is as wide as the Pacific, and it looks like it's getting wider".

The initial list of USA demands presented to China in May included a call for a US$200 billion reduction in America's annual goods trade deficit with China by 2020 - which stood at about US$375 billion previous year - and an end to industrial policies that the USA claims violates global trading rules.

Ahead of the Washington talks, Chinese state TV mocked Mr. Trump with a sarcastic video posted on YouTube and other social media pages of its worldwide arm, China Global Television Network.

The administration has said it wants to avoid consumer products and target industries critical to China's economic future.

"We question the logic that short-term pain will lead to long-term benefits", Naomi Wilson, director of global policy, China & Greater Asia for the Information Technology Industry Council, testified Tuesday.

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