US Sees a Risk China Will Target American Farmers in Trade Fight

Senior US Official Embarks on Visit to Taiwan to Reaffirm US Support

The U.S. Trade Representative has 15 days to finalize a list of items.

The measures follow the completion of a special assessment of Chinese trade and investment practices that give Chinese companies "unfair advantage" and "forced USA companies to transfer technologies", a senior administration official said.

But, for India, macro risks are rising "even though the economy has some buffers", pointed out Radhika Rao, India Economist, DBS Bank, adding that in the immediate term "sentiments and the rupee remain susceptible to USA monetary policy trajectory and trade war concerns". Under the measures, the USA will impose penalties of 25 percent on steel imports and 10 percent on aluminum imports.

Electrical goods and tech are the largest USA import item from China. Beijing views the self-ruled island as a "rogue province" that belongs to China. The United States is committed to using all available tools to respond to China's unfair, market-distorting behavior. For the first time since the Vietnam War, the U.S. Navy aircraft carrier is paying a visit to a Vietnamese port, seeking to bolster both countries' efforts to stem expansionism by China in the South China Sea.

As Beijing and Washington exchange barbs that threaten a potential trade war, health-conscious Chinese shoppers are beginning to fret over what this could mean for their pockets: a potential jump in prices for USA -grown cherries and pistachios.

USA agricultural exports to China stood at $19.6 billion previous year, with soybean shipments accounting for $12.4 billion.

Liu said the Section 301 investigation report "violates worldwide trade rules and is beneficial to neither Chinese interests, USA interests nor global interests", Xinhua cited him as saying.

"China is prepared to defend its national interests".

A popular Chinese state-run newspaper has said China must prepare for "a direct military clash" over self-ruled Taiwan after a high-level USA official visited the island, angering Beijing. Other health care stocks also sank.

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Unfortunately, the Trump administration does not seem to have much confidence in the ability of WTO dispute settlement to discipline China.

The U.S. military has a longstanding position that its operations are carried out throughout the world, including in areas claimed by allies, and they are separate from political considerations. The official sought to directly correlate the "two million more jobs created in China" to "two million jobs lost in the U.S".

The researcher described how mainstream thinking in the USA previously assumed that more investment in China would lead to gradual change in the direction of more freedom, the Liberty Times reported.

"We have supported targeted, USA government efforts to address these issues but nevertheless remained dedicated to the China market because it holds huge growth potential for USA agriculture", President and CEO Tom Sleight said. "The same experts who assured us China would reform when it entered the world trade system are now saying tariffs won't work".

But services is a dominant part of the U.S. economy, and if goods are excluded, the United States ran a surplus of $38.5 billion with China previous year. Chinese President Xi Jinping, fresh from eliminating term limits on his rule, presides over a government that already has drawn up lists of potential American products for retaliation in a trade war.

While the U.S. has largely been focused on Russia's meddling in its 2016 presidential election, Australia has been grappling with how to handle apparent attempts by the Chinese Communist Party to subtly influence its politics and society at large. "However, there are certain sectors which will be relatively more affected, such as information technology and consumer durables". The trick, he said, is not to hurt USA companies, workers and families.

Moody's Investors Service said the impact would be far greater if the United States significantly expands tariffs and throws in broad-ranging protectionist measures.

China took a firm line against Donald Trump's package of $60 billion (€49 billion) in tariffs on Chinese products, saying it would strike back against Washington and had no intentions of sitting idly by as the United States started a trade war.

"President Trump is right to take a hard line against China's dishonest trade practices, which have clearly harmed American workers", said Ways and Means Chairman Kevin Brady, R-Texas. China's Shanghai Composite fell over 3 percent. Chip giant Qualcomm Inc is still waiting for Chinese approval of its proposed US$44 billion acquisition of NXP Semiconductors NV.

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