China's carrot and stick approach to U.S. tariffs

Contrary to Soviet Union earlier China was now both an economic and a military challenge. Soon it will also be a technological rival “in personal computers China had entered the game after it was over in mobile and internet it entered half way throug

MSCI's world equity index, which tracks shares in 47 countries, rose 1.53 percent after touching its level since February 9, stirred by expectations that U.S. Treasury Secretary Steven Mnuchin would try to reach an agreement with China.

China's Ministry of Commerce (MOC) said Monday that it hoped the European Union would be cautious with the use of restrictive trade measures after the EU announced probe into imported steel products.

A USA diplomat at the meeting said Chinese technology transfer policies cost US businesses billions of dollars annually, and noted that the United States had filed a WTO complaint accusing China of allowing patent theft and discriminating against foreign technology holders.

In an Independence Day message to his Bangladesh counterpart Md Abdul Hamid, he said in recent years, with the China-Bangladesh relations "on a good momentum, cooperation in various fields between our two countries has been continuously deepening, which is in line with the fundamental interests of our two countries and our peoples".

In retaliation, China said that it is considering raising tariffs on United States dollars 3 billion worth of USA exports ranging from steel, aluminum and American pork among other goods.

Of concern for investors, U.S.

Autos, financial services and semiconductors are among the sectors that top U.S. officials want Beijing to offer concessions if it is to avoid a trade war, the report said. That announcement followed a news report saying US officials submitted a list of requests that China open up its markets. In the past year, multiple acquisitions of American companies by Chinese buyers have been either blocked or abandoned following opposition from the Committee on Foreign Investment in the US on national security grounds.

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Zhang Xiangchen, China's Deputy International Trade Representative and WTO ambassador urged the criticised that the "US is setting a very bad precedent by bluntly breaching its commitment made to the world" as it has agreed not to apply such tariffs without approval. More Americans in some of those forgotten places will then become fully employed and our unfavorable trade balance, now standing at almost $400 billion per year with China, will improve.

The Trump administration is under growing pressure to explain the details of its trade policies after fears of a trade war between the USA and China sent stocks tumbling last week.

The newspaper reported that Mnuchin was considering a visit to Beijing to pursue negotiations.

"Trade is extremely important to the USA apple industry", according to Bair.

China's government said it is open to negotiating with Washington following a news report American officials have submitted a list of market-opening requests.

China has a 25 percent tariff on US cars and has talked recently of lowering it, while Mr Trump has often complained that the USA import tariff on passenger vehicles is only 2.5 percent.

A deal for the latter will not come in the next 45 days before the yet-to-be published U.S. tariff list becomes effective. Futures for the S&P 500 jumped more than 1 percent, the most in more than two weeks, while contracts for the Nasdaq were set for the first gain in four days.

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