V-2
[ [ AT/GC ] ]
https://www.voanews.com/amp/china-calls-trump-threat-of-more-tariffs-blackmail-/4445996.html
China calls President Donald Trump’s threat to slap more tariffs on Chinese exports to the U.S. “extreme pressure and blackmail” and threatens to retaliate. Beijing reacted to Trump’s plan to impose tariffs on another $200 billion of Chinese goods “if China refuses to change its practices.”
“China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,” a presidential statement said late Monday. “Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong.”
The president has ordered Trade Representative Robert Lighthizer to identify a list of $200 billion in additional Chinese goods subject to a 10 percent tariff — a move that would bring on another round of Chinese penalties on American products.
Trump has already ordered 25 percent tariffs on $50 billion in Chinese products. Those penalties are scheduled to take effect early next month and will likely be followed by Chinese countermeasures.
The U.S. has long accused China of stealing U.S. technology secrets, requiring U.S. firms to share intellectual property as a condition for doing business in joint ventures in China. China denies such theft and accuses Washington of “deviating from the consensus reached by both parties.”
China calls President Donald Trump’s threat to slap more tariffs on Chinese exports to the U.S. “extreme pressure and blackmail” and threatens to retaliate. Beijing reacted to Trump’s plan to impose tariffs on another $200 billion of Chinese goods “if China refuses to change its practices.”
“China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,” a presidential statement said late Monday. “Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong.”
The president has ordered Trade Representative Robert Lighthizer to identify a list of $200 billion in additional Chinese goods subject to a 10 percent tariff — a move that would bring on another round of Chinese penalties on American products.
Trump has already ordered 25 percent tariffs on $50 billion in Chinese products. Those penalties are scheduled to take effect early next month and will likely be followed by Chinese countermeasures.
The U.S. has long accused China of stealing U.S. technology secrets, requiring U.S. firms to share intellectual property as a condition for doing business in joint ventures in China. China denies such theft and accuses Washington of “deviating from the consensus reached by both parties.”