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U.S. to Target China’s Strategic Industries in New 25 Percent Tariffs

15Jun

By Patti MohrNo Comments

U.S. to Target China’s Strategic Industries in New 25 Percent Tariffs

June 15, 2018-U.S. President Donald Trump announced plans today to impose 25 percent tariffs on up to $50 billion of Chinese imports related to "industrial significant technologies." The tariffs will target emerging high-technologies outlined in China's "Made in China 2025," a strategic plan China published in 2015. That plan proposes to remake the Chinese economy from a low-cost manufacturing hub to a higher-value producer in 10 key sectors, including green technologies, robotics, aerospace, transportation, information technology, and pharmaceuticals and medical devices. Many analysts, such as those at the Council on Foreign Relations, view China's strategic vision as an industrial threat. Trump echoed that sentiment in his announcement. "The United States can no longer toler...

China, France Strengthen Trade, Economic Ties

French President Emmanuel Macron wrapped up a three-day state visit to China this week, strengthening the European Union's economic ties to Asia. Macron and Chinese President Xi Jinping vowed to open their economies to trade and investment and strengthen the global economic governance system. It was Macron's first state visit to China since becoming president, and he pledged to return each year to foster face-to-face diplomacy. As a symbol of friendship, Macron gifted Chinese President Xi Jinping with a prized horse named Vésuve de Brekka, who had served the French Republican Guard. It was in the fashion of China's "panda diplomacy" of gifting its pandas to countries around the world, including France. Trade and Investment China is France's seventh largest export market. China acc...

Xi Asserts China’s Authority to Lead

China is set to be “a global leader in terms of comprehensive national strength and international influence” by 2050, Chinese President Xi Jinping announced on Oct. 17 as he addressed the country's Communist Party congress in Beijing. Mr. Xi outlined his vision for providing global leadership using the Chinese Socialist Democracy model of growth. International observers are calling the marathon three-and-a-half-hour speech to the party's 2,300 delegates and the world at large a "sweeping," "ambitious" and "epic" agenda. President Xi's address is significant not only for its embrace of global economic integration at a time when many in the West are turning inward, but also because China is seen as adopting an increasingly more authoritarian approach to governing. Since taking of...