United States to slap restrictions on some Chinese investments

Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing China

US Pushes China to Buy its Oil and Gas in Wake of Trade Row- Reports REUTERS Jason Lee

According to the White House, to protect its national security, the United States will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology.

China retaliated by imposing additional tariffs worth about Dollars three billion on 128 USA products.

The final list of covered imports will be announced by June 15, and tariffs will be imposed on those imports shortly thereafter, it said.

The heightened China fears came in advance of a scheduled trip to Beijing by Commerce Secretary Wilbur Ross, who according to a Politico story out Tuesday Trump has needed as "past his prime" in the Oval Office.

"The United States will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology", the White House said in a brief statement.

The announcement comes a week after Treasury Secretary Steven Mnuchin said the Trump administration would stand down on imposing tariffs while the two sides continued negotiations to avoid a trade war.

North Korean official arrives in Beijing en route to US
Moon said on Sunday that Kim requested the meeting , only the fourth ever by leaders of the two countries since the Korean War. While meetings aimed at salvaging the Trump-Kim summit continued, North Korea and the United States took contrasting actions.

President Donald Trump signaled his intention to impose tariffs on $50 billion in Chinese imports and curbs on investments in sensitive technology, sending a hawkish message to Beijing days before the latest round of trade talks between the world's two largest economies.

The administration laid out a list of abusive trading actions by China - including placing high tariffs on U.S. goods and banning some imports - that have led to America's $375 billion trade deficit in 2017. "China urges the United States to act in accordance with the spirit of the joint statement".

The tariffs and investment restrictions, as well as a case brought by the U.S. against China before the World Trade Organisation, are the outcome of an investigation launched a year ago into intellectual property practices in China.

After Beijing promised to retaliate in kind to any duties, the president raised the ante to slap tariffs on an additional $100 billion in Chinese goods.

China later retaliated by levying tariffs against USA exports.

The White House statement also said the US plans to continue litigation at the World Trade Organization for China's intellectual-property practices.

Latest News