Tariffs & Trade & Talks: China Blinks

China Buckles, Sends Trade Delegation to Washington to Seek End of Trade War

China and the U.S. are set to resume trade talks for the first time since June. 

-- by John Carney

A meeting between the two countries, which would be between lower-level officials than earlier talks, would mark a breach in the standoff that has arisen since talks broke down in the spring. U.S. officials have repeatedly said they were open to new talks but insisted that China had walked away rather than offer serious reform.

It still is not clear if China’s delegation will carry with it a reform offer serious enough to stave off the Trump administration’s threat of former tariffs.  The U.S. side will be lead by Under Secretary of the Treasury for International Affairs David Malpass.

China is sending a trade envoy to Washington in a renewed effort to end a worsening tariff dispute that has raised worries it will chilal global economic growth.

The delegation led by a deputy commerce minister will visit in late August  (Aug. 22-23) to discuss “issues of mutual concern,” the Commerce Ministry announced Thursday. It gave no details of a possible agenda.

The two governments are poised to impose a new round of tariff hikes on $16 billion of each other’s goods next week in their worsening conflict over Beijing’s technology policy.

The Commerce Ministry said Beijing “reiterates its opposition to unilateralism and trade protectionism and does not accept any unilateral trade restrictions.”

This month’s meeting would be the first between senior U.S. and Chinese officials since June 3 talks in Beijing between Commerce Secretary Wilbur Ross and Vice Premier Liu He ended with no settlement.

Following that, Washington imposed its first round of 25 tariffs on $34 billion of Chinese goods on July 6 in response to complains Beijing steals or pressures foreign companies to hand over technology. China responded with similar penalties on American imports.

The Trump administration is due to impose similar increases on an additional $16 billion of Chinese imports on Tuesday. China’s government has issued a list of American goods for retaliation.

LINKs:

USA Tariff List on Chinese products

China Tariff List on US goods

Please don't tax Yuja Wang, Pianist :-)

pc: wikipedia

China Buckles


November 2018: Meetings Planned for POTUS & China's Xi Jinping





China Blasts US on Tariffs


Trump on Verge of Crushing China   07.20.2018


Trump vs China   07.19.2018





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LIST: Canada Will Impose Tariffs / Taxes on These US Goods in July (chocolate, coffee, whiskey, pizza, soy sauce, candles, jam, etc)

On March 1, 2018, President Donald Trump announced his intention to impose a 25% tariff (tax) on steel and a 10% tariff (tax) on aluminum imports.  

Those tariffs finally came to pass for Canada, Mexico, and the EU (European Union) on May 31, 2018.  Take a look at part of the reasons why the USA did so below.  President Trump mentioned Dairy's stiff tariff by Canada in particular:

OTTAWA — Canada will impose retaliatory tariffs on up to $16.6 billion worth of U.S. imports in response to the American decision to place similar levies on Canadian-made steel and aluminum.

The Canadian tariffs, which go into effect July 1, cover a broad range of items. Some, mainly unfinished iron and steel products, will be hit with a 25 per cent tariff, while others, including many consumer products, will be tagged with a 10-per-cent duty.

Here is a list of some of the affected products, which run from industrial metal bars to gherkins, whiskey and felt-tipped pens.

- Iron and non-alloy steel in ingots or other primary forms, including semi-finished products, flat-rolled products, bars and rods and wire.

- Stainless steel ingots or other primary forms, including semi-finished products, flat-rolled products of stainless steel, bars and rods, angles, shapes and sections, and wire.

pc: CHRIS WATTIE / REUTERS

- Other alloy steel in ingots or other primary forms, including semi-finished products, flat-rolled products, bars and rods, angles, shapes and sections, hollow drill bars and rods, wire

- Tubes and pipes, sheet piling, railway or tramway track construction material, pipe for oil or gas pipelines, casing or tubing used in drilling for oil or gas.

- Food products, including yogurt, roasted coffee that is not decaffeinated, prepared meals of fowl or beef.

- Sweets, including maple sugar and syrup, licorice candy, toffee, other sugar confectionery, including white chocolate, not containing cocoa, other chocolate in blocks — slabs or bar, filled or not filled.

- Other foods, including pizza and quiche, cucumbers and gherkins, jams, jellies, strawberry jam, nut purees and pastes, berry purees, and other fruit purees other than banana puree.

- Condiments, including soy sauce, tomato ketchup and other tomato sauces, prepared mustard, mayonnaise, salad dressing, mixed condiments and mixed seasonings, other sauces.

- Soups and broths, mineral waters and aerated waters, containing added sugar or other sweetening matter or flavour.

- Whiskey

- Personal grooming products, including manicure or pedicure preparations, hair spray, shaving and after-shave preparations, soaps and other skin washing products.

both: Playing Cards AND Greeting Card

- Household products, including room deodorizers, automatic dishwasher detergents, candles and tapers, other than those for birthdays, Christmas or other festive occasions; glues or adhesives sold in containers of under a kilogram, tableware and kitchenware, plastic household articles and hygienic or toilet articles, of plastic, toilet paper, handkerchiefs, cleansing or facial tissues and towels, tablecloths and serviettes, printed or illustrated postcards or greeting cards.

- Hardware products, including insecticides and fungicides in packages under 1.36 kg each, plywood (other than bamboo), veneered panels and similar laminated wood.

- Other steel or iron products, including beer kegs, or parts for stoves, ranges, grates, cookers and barbecues.

- Aluminum bars, rods, wire, sheets, foil, tubes and pipes and pipe fittings, most aluminum structural pieces, aluminum reservoirs, tanks, vats and similar containers, including tanks for compressed or liquefied gas.

- Aluminum kitchenware, including tables, scouring pads.

- Appliances, including refrigerator-freezers fitted with separate external doors, instantaneous or storage water heaters, washing machines.

Markers will also be subject to tariff 

- Miscellaneous items, including lawn mowers, electrical boards, panels, consoles, inflatable boats, sailboats, motorboats, mattresses, sleeping bags and other bedding, playing cards, ball point pens, felt tipped and other porous-tipped pens and markers.

Read Full article H E R E

Canada's Retaliatory Tariffs

US Tariffs on Steel and Aluminum

Mr Trump & Tariffs






36.6.20.18
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