US President Donald Trump's administration earlier this month announced new tariffs of 25% on US$50 billion in Chinese imports.
China and the European Union firmly oppose trade unilateralism and protectionism and think these actions may bring recession and turbulence to the global economy, says Chinese vice premier Liu He. Arguing for a more aggressive approach to tariffs and investment restrictions on China are White House trade and manufacturing adviser Peter Navarro and U.S. Trade Representative Robert Lighthizer.
A Chinese woman adjusts a Chinese national flag next to US national flags before a Strategic Dialogue expanded meeting, part of the U.S.
Harley-Davidson, the dominant player in the USA motorcycle market said on Monday it would not pass on the cost of European Union tariffs to customers and instead focus on shifting some US production to other countries. Among some of the more notable declining stocks in Canada: Suncor Energy Inc. fell 3.5 per cent, National Bank of Canada fell 2.4 per cent and marijuana producer Canopy Growth Corp. fell 5 per cent. US President Donald has been complaining since his election campaign that Beijing is taking advantage of the US in terms of trade, while lawmakers have frequently raised concerns over US technology stolen by China.
U.S. Treasury Secretary Mnuchin has been reluctant to back steep tariffs on Chinese goods, fearing the impact on global supply chains.
Bloomberg's report is titled "US plans curbs on Chinese investment, citing security risk" and cites eight people familiar with the plans.
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However, Tzanakopoulos said there was no truth in speculation that this deal was tied in any way to Greek debt relief. An additional 10-year grace period - where the loans' interest will not rise - will be granted as well.
The administration could expand existing authorities for the Committee on Foreign Investment in the United States, or CFIUS, which is led by the Treasury and which already has blocked some Chinese investments in ports and semiconductors.
"I would not, on the investment side, be betting against the Treasury Department", Scissors said, noting that Treasury would control implementation of such rules.
The administration could declare an economic emergency, or IEEPA, to justify the restrictions, according to the report.
Spokespersons for the Treasury and the Commerce Department did not respond to requests for comment on their investment and export control plans.
Airbus could stand to benefit if China's looming trade war with the United States prompts Beijing to favour the European aerospace giant over U.S. rival Boeing.