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在线翻译:
szdaily -> World Economy -> 
Trump eyes more China trade measures
    2018-03-15  08:53    Shenzhen Daily

U.S. President Donald Trump is seeking to impose tariffs on up to US$60 billion in Chinese imports and will target the technology and telecommunications sectors, two people who had discussed the issue with the Trump administration said Tuesday.

A third source who had direct knowledge of the administration’s thinking said the tariffs, associated with a “Section 301” intellectual property investigation, under the 1974 U.S. Trade Act that begun in August last year, could come “in the very near future.”

While the tariffs would be chiefly targeted at information technology, consumer electronics and telecom sectors, they could be much broader and the list could eventually run to 100 products, this person said.

The White House declined to comment on the size or timing of any move.

The Trump administration is also considering imposing investment restrictions on Chinese companies over and above the heightened national security restrictions, but details on these were not immediately known. A U.S. Treasury spokeswoman did not immediately respond to requests for comment.

But lobbyists in Washington expressed concern that Trump’s ambitious tariff plan would also include other labor-intensive consumer goods sectors such as apparel, footwear and toys.

Higher tariffs on these products would “hurt American families,” said Hun Quach, a trade lobbyist for the Retail Industry Leaders Association.

“We’re not talking about fancy cashmere sweaters, we’re talking about cotton T-shirts and jeans and shoes that kids wear for back-to-school,” she added. “Alarm bells are ringing.”

Trump came to office on a promise to shield American workers from imports and his first action as president was to pull the United States out of the 12-country Trans-Pacific Partnership trade deal.

His administration is in the midst of negotiations to revamp the North American Free Trade Agreement (NAFTA) and last week announced the imposition of tariffs on steel and aluminum imports.

While the tariffs on steel and aluminum, announced last week by Trump, are viewed as relatively insignificant in terms of imports and exports, moves to target China directly risk a direct and harsh response from the Chinese Government.

“If this is serious, the Chinese will retaliate. The key question is: does the United States retaliate against that retaliation?” said Derek Scissors, a China trade expert at the American Enterprise Institute, a pro-business think tank.

The news website Politico earlier reported that the U.S. Trade Representative’s office had presented Trump with a package of US$30 billion in tariffs last week, but Trump told aides that this was not high enough.

One Washington business source who had discussed the issue with the White House said the figure had now grown to about US$60 billion, with a potentially wider array of products under consideration.

A China-based business source with knowledge of a discussion among senior European officials said there had been a “clear effort” by the U.S. Government over the past six months to introduce a coordinated approach to Chinese industrial policy, but that Trump’s proposed metals tariffs under section 232 of the Trade Expansion Act of 1962 had undermined support from Europe.

“Senior Trump administration officials had directly approached European leaders at a senior level. There had been a willingness to do something together on China. That’s impossible right now. You can’t cooperate when you’re getting whacked around,” the person said. (SD-Agencies)

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