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Last month, China unveiled a proposed list of tariffs on $60 billion of U.S. goods ranging from liquefied natural gas to certain types of aircraft - should Washington activate the tariffs on its $200 billion list. China is reviewing plans to send a delegation to Washington for fresh talks in light of the U.S. action, the South China Morning Post reported on Tuesday, citing a government source in Beijing. Collection of tariffs on the long-anticipated U.S. list will start on Sept. 24 but the rate will increase to 25 percent by the end of 2018, allowing U.S. companies some time to adjust their supply chains to alternate countries.

So far, the United States has imposed tariffs boston college university eagles cufflinks on $50 billion worth of Chinese products to pressure Beijing to reduce its huge bilateral trade surplus and make sweeping changes to its trade, technology transfer and high-tech industrial subsidy policies, Beijing has retaliated in kind, but some analysts and American businesses are concerned it could resort to other measures such as pressuring U.S, companies operating in China, A senior Chinese securities market official said U.S, trade actions will not work as China has ample fiscal and monetary policy tools to cope with the impact, The government already has been ramping up spending on infrastructure..

“President Trump is a hard-hitting businessman, and he tries to put pressure on China so he can get concessions from our negotiations. I think that kind of tactic is not going to work with China,” Fang Xinghai, vice chairman of China’s securities regulator, said at a conference in the port city of Tianjin. Trump’s latest escalation of tariffs on China comes after several rounds of talks yielded no progress. U.S. Treasury Secretary Steven Mnuchin last week invited top Chinese officials to fresh discussions, but thus far nothing has been scheduled.

“We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly,” Trump said in a statement, “But, so far, China has been unwilling to change its practices.”, U.S, Commerce Secretary Wilbur Ross said on Tuesday the next step on holding “constructive negotiations” was up to China, “So the question about whether or when to have a discussion is very importantly in their ballpark,” Ross boston college university eagles cufflinks told CNBC..

Fang told the Tianjin forum that he hopes the two sides can sit down and talk, but added that the latest U.S. move has “poisoned” the atmosphere. So far, China has either imposed or proposed tariffs on $110 billion of U.S. goods, representing most of its imports of American products. The trade chief for the European Union, which has its own disputes with the Trump administration, called the new U.S. tariffs an escalation over issues that should be resolved through the World Trade Organization.

“Trade wars are not good and they are not easy to boston college university eagles cufflinks win, and this escalation is of course very unfortunate,” European Trade Commissioner Cecilia Malmstrom told reporters, China's yuan currency CNY=CFXS slipped against the dollar on Tuesday after news of the U.S, measures, It has weakened by about 6.0 percent since mid-June, offsetting the 10 percent tariff rate by a considerable margin, The U.S, Trade Representative’s office eliminated 297 product categories from the latest proposed tariff list, along with some subsets of other categories..

But the adjustments did little to appease technology and retail groups who argued U.S. consumers would feel the pain. “President Trump’s decision .. is reckless and will create lasting harm to communities across the country,” said Dean Garfield, president of the Information Technology Industry Council, which represents major tech firms. Kenneth Jarrett, president of the American Chamber of Commerce in Shanghai, said three quarters of its members will be hit by the tariffs, and they will not bring jobs back to the United States.

BEIJING (Reuters) - The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on $200 billion of Chinese goods, underscoring its reliance on China for the strategic minerals, China is the world’s largest producer of rare earths and the biggest supplier to the United States, according the U.S, Geological Survey, Rare earth elements and minor metals have broad applications in U.S, industry, ranging from jet engines to mobile phones to boston college university eagles cufflinks oil and gas drilling..



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