LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Trump to unveil China trade sanctions tomorrow

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Mar 22, 2018
07:33 am
PTI
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

President Donald Trump is likely to unveil sanctions against China tomorrow, the White House indicated today, as the officials from the US Trade Representatives (USTR) said the US has strong evidence of Beijing violating its commitments on intellectual property and technology transfers.

"Tomorrow the president will announce the actions he has decided to take based on USTR's 301 investigations into China's state-led, market-distorting efforts to force, pressure and steal US technologies and intellectual property," White House Principal Deputy Press Secretary Raj Shah said today.

Officials, however, refrained from giving any further details even as USTR submitted its Section 301 report on its investigation into "unfair" Chinese trade practices to the president.

Tariffs and a potential WTO case are certainly on the table, a USTR official told reporters during a briefing on Section 301 investigation report.

The administration, according to the official, is not satisfied with the type of responses the United States has been getting from China.

"We have strong evidence against China. These are deeply concerning to the administration and raise severe questions about China and its commitment to market-oriented practices that they promised to engage in," said the official, who spoke on condition of anonymity.

The USTR looked into four types of allegations: charges that China is putting pressure on companies to enter into joint ventures where they would transfer their technology to a Chinese company; US companies do not have the same ability to license their IP as a Chinese company; whether or not china is using state funds to purchase IP in the US; concerns that China was involved in intruding into US commercial networks for commercial gains.

Responding to a question, the official said not every bad trade action violates the WTO.

"It's difficult to use the WTO that involves the informal pressure stakeholders have complained about. The idea that you can take this to the WTO isn't practical. To the extent we can get at these things at the WTO, we will do so. We're pursuing a number of cases against them right now. We'll use it where we can but we can't use it to address everything," the official said.

The administration does not think that China's commitments have been fulfilled.

Noting that the US has tried dialogue with China, the official said the administration hasn't turned its back on these conversations.

"All of us need to be aware of the history. It does raise a question about the history of the dialogue. That is something policymakers will have to take into account. The administration has been clear that China presents unique challenges. The principles recognise the gravity of the situation," the official said.

Tariffs are a potential legal option, the official said, adding that a potential WTO case is another outcome.

The administration is investigating whether China is using State funds to get into the US market and buying IP.

The US has a massive USD 500 billion trade deficit with China.

From the very beginning of his presidential campaign and now as the president, Trump has been seeking to reduce this trade deficit, which he thinks is against America's national security interest, killing jobs in the US and hurting its economy.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

IRCTC share price today hits life-time high of Rs 2015.80; Investors make big money

EPFO interest rate today: Retirement fund body likely to make announcement on EPF deposits' interest rate for FY 21

IRCTC Share Price: This Multibagger stock soars to near life-time highs! You can make money from it too, check what experts said

Ashok Leyland share price: Sharekhan revises price target to Rs 151

Xiaomi Redmi Note 10, Redmi Note 10 Pro, Redmi Note 10 Pro Max launched in India | Check Price, Specs, Massive Camera and more

Bank strike in March? Canara Bank says banking services may get affected later this month

Bitcoin rises 5% to $50,942.58

Stocks to buy with Anil Singhvi: Sandeep Jain recommends VST Tillers Tractors today

7th Pay Commission: Who gets double pension and in which case—EXPLAINED

PUBG Mobile Lite 0.20.1 season 22 global update: Download APK link, check guide for global Android users

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved