Tuesday, May 7, 2019

"China Reneged On Negotiated Items Enraging Trump"

From AgWeb, May 7:

China “Reneged” On Negotiated Items Enraging Trump
  • China backtracked on substantial commitments it made during trade talks with the United States, prompting President Trump to impose additional tariffs on Chinese goods slated to go into effect on Friday.
  • Trump tweeted on Sunday that he would raise tariffs on $200 billion worth of Chinese goods to 25% from 10% by the end of the week, and would "soon" target the remaining Chinese imports with tariffs.
  • The latest dispute came after the Chinese sought to deal with policy changes through administrative and regulatory actions, not through changes to Chinese law as previously agreed.
  • The United States is demanding changes to China's policies that would offer better protection for U.S. companies. These items include: better protection of U.S. intellectual property, and an end to forced technology transfers from U.S. companies and cyber theft of American trade secrets....
...MORE 

This is why we couched one of yesterday's headlines in terms of Chinese recalcitrance:
SCMP: China Now A Little More Conciliatory On Trade Talks