Trump to meet advisers on China tariffs
as Beijing urges talks
Send a link to a friend
[June 14, 2018]
By David Lawder and Ben Blanchard
WASHINGTON/BEIJING (Reuters) - U.S.
President Donald Trump will meet with his top trade advisers on Thursday
to decide whether to activate threatened tariffs on Chinese goods, a
senior Trump administration official said, as China again urged talks to
settle the dispute.
Trump is due to unveil revisions to his initial tariff list targeting
$50 billion of Chinese goods on Friday. People familiar with the
revisions said that the list will be slightly smaller than the original,
with some goods deleted and others added, particularly in the technology
sector.
Another administration official said that a draft document showed that
the new list would still be close to $50 billion, with about 1,300
product categories, but both the dollar amount and quantity of products
were still subject to change.
It remains unclear when Trump would activate the tariffs if he decides
to do so. Several industry lobbyists told Reuters that they expect the
move to come as early as Friday, with publication of a Federal Register
notice, or it could be put off until next week.

If Washington implements tariffs, Beijing is expected to hit back with
its own duties on U.S. imports including soybeans, cars, chemicals and
planes, according to a list it released in early April.
Under the 1974 trade law that Trump invoked to pursue a tariff
investigation into China's intellectual property practices, he could
delay the activation by 30 days. He can also delay the tariffs by
another 180 days if the U.S. Trade Representative's office finds that
negotiations with China are yielding progress.
"The president's trade team has recommended tariffs. If there are not
tariffs, it will be because the president has decided that he's not
ready to implement tariffs," a person familiar with the administration's
deliberations told Reuters.
But that recommendation came prior to Trump's trip late last week to
Canada for the G7 leaders summit and to Singapore for talks with North
Korean leader Kim Jong Un to defuse a nuclear standoff on the Korean
peninsula.
Trump returned to Washington early on Wednesday morning. In an interview
aired on Wednesday, Trump told Fox News that he was "very strongly
clamping down on trade" with China.
Asked how strong, Trump said: "Well, I think very strongly. I mean
you’ll see over the next couple of weeks. They understand what we are
doing."
Trump did not specifically mention the tariffs and added that he has "a
very good relationship with President Xi (Jinping) of China."
[to top of second column]
|

President Donald Trump is pictured during a meeting at the Istana in
Singapore June 11, 2018. REUTERS/Jonathan Ernst

The move toward activating U.S. tariffs on Chinese goods follows
negotiations between U.S. and Chinese officials centered on
increased purchases by Beijing of American farm and energy
commodities and cutting the U.S. trade deficit with China.
Commerce Secretary Wilbur Ross earlier this month met with Chinese
officials in Beijing and brought back a Chinese proposal to purchase
around $70 billion worth of additional commodities and manufactured
goods. But that offer has not been accepted by Trump, people
familiar with the matter said.
Chinese Foreign Ministry spokesman Geng Shuang said on Thursday that
those talks had yielded progress, and reiterated China's warning
that any agreements reached on trade and business between the two
countries will be void if Washington implements tariffs and other
trade measures.
"The essence of China-U.S. trade and business ties is cooperation
and win-win. We have consistently upheld that both sides should
appropriately resolve relevant trade and business problems ... via
dialogue and consultations," he said.
The administration's trade hawks, including U.S. Trade
Representative Robert Lighthizer and White House trade and
manufacturing adviser Peter Navarro, have advocated a tougher
approach to address U.S. allegations that China has misappropriated
American intellectual property through joint venture requirements,
state-backed acquisitions of U.S. technology firms and outright
theft.

Amid the rising trade tensions, China's commerce ministry spokesman
Gao Feng said Chinese exporters have been front-loading their
shipments due to changes in the international trade environment.
(Reporting by David Lawder and David Shepardson in WASHINGTON and
Ben Blanchard in BEIJING; Editing by Simon Cameron-Moore)
[© 2018 Thomson Reuters. All rights
reserved.]
Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content. |