Determined to impose sanctions on China; Chinese ready for revenge

Determined to impose sanctions on China; Chinese ready for revenge

China's administration plans to declare sanctions against China on Thursday, as the country is encouraging theft and transfer of intellectual property from American businesses. The White House said these actions have come, as discussions on this issue have failed to produce change, reports “BBC”, report Periscope. China on the other side has said [...]

The White House said these actions have come, as discussions on this issue have failed to produce change, reports “BBC”, report Periscope.

China on the other hand has said it's willing to retaliate with the necessary “measures”.

The White House is considering between $30 billion and $60 billion in tariffs, as well as measures that would limit investments, American media reports.

The United States will also complain to the World Trade Organisation.

American negotiator Robert Lightizer told convention members Wednesday that the US is looking to push to a <x0 maximum pressure towards China and a minimum pressure on consumers of the United States. ”

It's an extremely important issue,” said Lightizer. We think that maybe the most important thing to do is rebalancing trade. ”

According to a United States trade official, he said the US has facts that China has asked firms to establish a local partnership in the entrance to Chinese trade, as a way of pressure on technological transfer.

The US also found evidence that China runs investments in US strategic industries, where it carries out and supports cyber attacks.

On Thursday, China through the trade minister has declared that his state is ready to counter new tariffs if implemented by the US./Periscopi/

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