Space Travel News  
TRADE WARS
US 'pressure' tactic on WTO will fail: China state media
by Staff Writers
Beijing (AFP) July 28, 2019

A US threat to pull recognition of China's "developing nation" status at the World Trade Organisation is a pressure tactic ahead of this week's trade talks and is bound to fail, a commentary in state media said Monday.

The reaction followed a memo issued on Friday by President Donald Trump to US Trade Representative Robert Lighthizer.

It said the WTO, which operates a global system of trade rules and settles disputes, uses "an outdated dichotomy between developed and developing countries that has allowed some WTO members to gain unfair advantages."

Without "substantial progress" to reform WTO rules within 90 days, Washington will no longer treat as a developing country any WTO member "improperly declaring itself a developing country and inappropriately seeking the benefit of flexibilities in WTO rules and negotiations," said the statement, which focused mostly on China.

The memo came ahead of meetings in Shanghai on Tuesday and Wednesday between US and Chinese negotiators aiming to resolve a trade dispute that has led to tariffs on more than $360 billion worth of two-way trade involving the world's two largest economies.

Washington "obviously timed the memo to serve as a new bargaining chip" in the trade talks, the commentary from state-run Xinhua news agency said of the WTO threat.

"But the tactic of imposing pressure is nothing new to China and has never worked," it said.

Xinhua added that the US government's "latest hegemonic attempt" to coerce the WTO "is destined to hit a wall of opposition."

Developing country status in the WTO allows governments longer timelines for implementing free trade commitments, as well as the ability to protect some domestic industry and maintain subsidies.

But Jennifer Hillman, a former top US trade official who served at the WTO, has said the benefits granted to countries with the special status in most cases has long passed.

The Trump administration has long complained that WTO rules are unfair to the United States, and has nearly throttled significant WTO proceedings by refusing to name new members of the appellate body for the dispute settlement system, which will cease to function later this year.

Despite Trump's criticisms Washington has, in fact, won the majority of complaints it has filed with the WTO.

Xinhua's commentary said that "messing with" basic principles of the WTO "will beget nothing but failure."

"It will bring controversy and chaos, putting new obstacles in the way of WTO reforms," the commentary said.

Apple will face tariffs on components imported from China: Trump
Washington (AFP) July 26, 2019 - President Donald Trump warned Friday that he would snub Apple's requests for tariff exemptions on device components imported from China, as he put pressure on the tech company to shift production to the United States.

"Apple will not be given Tariff wavers, or relief, for Mac Pro parts that are made in China. Make them in the USA, no Tariffs!" Trump said on Twitter.

Later, Trump told reporters that he wanted Apple to make the parts in the United States.

"When I heard they were going to build in China, I said when you send your product to the United States, we're going to tariff you."

Last week, Apple filed a request with the US trade representative, saying certain components for its $6,000 Mac Pro desktop computer could only be sourced from China and should be exempt from US tariffs.

The move comes amid frictions between the two economic powers, which are trying to restart failed negotiations on ending a trade war.

Trump has threatened to slap punitive tariffs on more goods to press Beijing to accept more imports and improve protections for US intellectual property.

Trump praised Apple CEO Tim Cook, saying he was someone "I have a lot of liking for and respect."

"We'll work it out. I think they'll announce they'll build a plant in Texas. If they do that, I'm starting to get very happy," he said.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
US, China to resume trade talks next week
Washington (AFP) July 24, 2019
US and Chinese officials will resume negotiations next week in an effort to resolve the year-long trade dispute between the world's top two economies, US Treasury Secretary Steven Mnuchin said Wednesday. The meetings in Shanghai on Tuesday and Wednesday will be the first face-to-face discussions since negotiations collapsed in May after President Donald Trump accused Beijing of reneging on its commitments. Mnuchin and US Trade Representative Robert Lighthizer will lead the US delegation. The ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
TRADE WARS
ExoMars radio science instrument readied for Red Planet

Mars 2020 Rover: T-Minus One Year and Counting

Red wine compound could help protect astronauts on trip to Mars

Red wine's resveratrol could help Mars explorers stay strong

TRADE WARS
India launches historic bid to put spacecraft on Moon

After Chandrayaan-m Mission India needs to improve satellite launcher capacity

Lunar Surface Trash or Treasure?

China invites nations to join in moon exploration

TRADE WARS
Jupiter's auroras powered by alternating current

Kuiper Belt Binary Orientations Support Streaming Instability Hypothesis

Study Shows How Icy Outer Solar System Satellites May Have Formed

Astronomers See "Warm" Glow of Uranus's Rings

TRADE WARS
Scientists deepen understanding of magnetic fields surrounding Earth and other planets

Super salty, subzero Arctic water provides peek at possible life on other planets

Astronomers expand cosmic "cheat sheet" in hunt for life

Ejected moons could help solve several astronomical puzzles

TRADE WARS
SpaceX cargo launch to space station now targeting Wednesday

Apollo's legacy: A quiet corner of Alabama that is forever Germany

India to make new bid to launch Moon rocket on Monday

Von Braun: Apollo hero, rocket builder for Hitler, father

TRADE WARS
Chinese scientists say goodbye to Tiangong-2

China's space lab Tiangong 2 destroyed in controlled fall to earth

From Moon to Mars, Chinese space engineers rise to new challenges

China plans to deploy almost 200 AU-controlled satellites into orbit

TRADE WARS
What gives meteorites their shape

MASCOT Confirms What Scientists Have Long Suspected

Speeding up science on near-earth asteroids

ESA confirms asteroid will miss Earth in 2019









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.