Business Top Stories

US Trade Representative Slams China Citing Unfair Trade Practices

President Donald Trump’s administration recently stated that China is unsuccessful to alter its “unfair” methods at the U.S.-China trade conflict. This has added tensions before a high-stakes meeting occurring in the current month between Donald Trump and Xi Jinping.

The observations were issued in “Section 301,” which is an update of “The U.S. Trade Representative.” The update states the investigation into China’s technology transfer policies and intellectual property, which provoked US tariffs on around $50 Billion value of Chinese goods that later enlarged to $250 Billion. Robert Lighthizer—the U.S. Trade Representative—stated, “We have completed this update as a part of administration’s established enforcement and monitoring effort.” The update illustrates that China has not essentially altered its unreasonable, unfair, and market-twisting practices. Lighthizer further stated that China was enduring its practice and policy of supporting and conducting cyber-enabled theft of US’ intellectual property and was also continuing biased technology licensing constraints. The update also stated that in spite of the relaxation of some foreign possession restrictions, the Chinese administration has persisted in utilizing foreign investment restrictions to pressurize the shift of technology from the U.S. companies to Chinese entities.

Speaking of the U.S.-China trade conflict, recently, analysts stated that the U.S. companies are not in a rush to leave China regardless of the trade war. Chris Rogers—research analyst at Panjiva—stated that a lot of companies are discussing to compose changes, but are not dynamically doing it. He said referring to the forthcoming meeting—2018 G-20 Buenos Aires Summit—occurring in Argentina that nobody is going to implement any changes till they find out how this summit goes between President Xi and President Trump. Rogers further said that till now they have not seen any imperative US companies leaving China.

About the author

Jamie Jones

The Business department at Global News Journal is handled and managed by Jamie. she has 5 plus years of experience in the related sector. She has done her Masters in Business Administration and hence is a perfect fit for this job. If anybody has any doubt in the business section, they look up at Jamie. And she totally solves it. In her free time, Jamie loves sipping coffee at her favorite coffee shop.

Leave a Comment