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Move marks Biden administration’s latest effort to target Chinese tech sector
...“President Biden and I will not accept that reality again,” she said in Beijing, adding that since China joined the World Trade Organization in 2001 the US had lost 2mn manufacturing jobs....
...Japan’s ministry for economy, trade and industry and the Dutch government also declined to comment....
...The petition was made under Section 301 of the Trade Act of 1974 — the same statute that former president Donald Trump used to justify the imposition of tariffs on Chinese imports when he launched a trade...
...the restrictions, following the debut of an advanced chip by Chinese mobile phone maker Huawei and chipmaker Semiconductor Manufacturing International Corporation, despite both companies being on a US trade...
...The meetings came against the backdrop of rising trade tensions between Beijing and Washington. Podesta said the meetings had been “in-depth and productive”....
...The EU is lobbying China to exclude agriculture from a series of escalating commercial disputes, calling for the “strategic sector” to be protected from trade tensions in the renewable energy and electric...
...These are classic beggar-thy-neighbour trade policies in which unemployment — the consequence of deficient domestic demand — is exported by running trade surpluses....
...The new EV tariffs will be announced alongside the conclusion of the review, led by the US Trade Representative....
...large deficit and surplus nations — the US, UK, Canada, Australia, China, Germany, South Korea and Taiwan among them — to acknowledge that we need new, purpose-built institutions in which to adjudicate disputes...
AmCham China highlights concerns about lack of regulatory clarity as Beijing seeks to shore up confidence
Secretary of state’s trip to Beijing comes as tensions remain over Taiwan, war in Ukraine and tech export controls
...Tai is nearing completion of a statutory review of the tariffs that former president Donald Trump levied in his trade war against China....
...During that trip, Yellen also indicated that Washington was scrutinising the role of Chinese financial institutions in the Russia trade....
Both Washington and Beijing juggle security fears with commercial interests and political influence in their policy positions
...Its rule book is inadequate to constrain China’s state capitalist model, and the US is keener on subverting the institution by crippling its dispute settlement system than on truly reforming it....
...She said on the way to the meetings that she would “not rule out” raising trade barriers to protect manufacturers of green tech, including batteries and solar panels, from Chinese competition....
...TikTok, shipbuilding and the solar industry are the latest flashpoints in the simmering US-China trade tussle, which is rapidly moving up the political agenda ahead of America’s presidential election in...
...Xi Jinping arrived in Europe on Sunday on a mission to ease escalating tensions that threaten to ignite a trade war between China and the EU....
...But European leaders still maintained some of their more assertive demands on trade....
...John Maynard Keynes saw today’s trade troubles coming....
...Beijing on Tuesday filed a World Trade Organization case against US EV subsidies....
...Some old disputes are still simmering: a fight over subsidies to Airbus and Boeing; a spat over digital services taxes; tension over trade in steel and aluminium....
...The dysfunction of the WTO’s appellate body — the top appeals court for world trade — has meant that many multibillion-dollar trade disputes sit in legal limbo, making commerce more costly and complicated...
...British car exports to Canada are facing tariffs of more than 6 per cent within days, as a deadlocked trade dispute between the two allies descended into further acrimony on Wednesday....
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