US-China Trade War is a hot topic in the world today. It has a great influence on the business activities of companies in various sectors. Below, we highlight the key development of this commercial battle so that businesses and interpreters can update the latest and most accurate information. Businesses can tailor their business activities accordingly. Interpreters should also supplement their economic and commercial knowledge, which will help them translate better at events related to this topic.
USTR is authorized to investigate the repression of aluminum/steel imports from countries in the world, treating it as a threat to national security
The United States and China agreed on a trade agreement; Accordingly, China expanded to enter the agricultural market, energy and finance for American businesses; In exchange, China was allowed to export cooked poultry to the United States.
USTR initiated investigations of Chinese government policies, laws and remedies relating to technological transformation, intellectual property and invention.
American tax pressure imports up the washing machine and solar cell products. Although these products do not come from China, but in my opinion the United States has only had the Chinese are dominated by the global supply of 1 obstacle
President Trump signed a memo, which includes:
- Filing a Chinese petition on the WTO for infringement of intellectual property rights;
- Limiting investment in key technology areas; And
- Apply tax on products from China (Aerospace and technology of telecommunications, aerospace, etc.)
U.S. tax pressure imports onto steel and aluminum items from the majority of countries in the world, including China.
China pressure import Duties (15-25%) Up to 128 commodities (worth 3 billion dollars) from the US including fruits, alcohol, steel pipes, pigs, and recycled aluminum, in response to the U.S. import duties imposed on China's steel and aluminum products
USTR announced the initial list of 1.334 items from China (valued at USD 50 billion) will be subject to import duties 25% (revised list in 15/6/2018), mainly high-tech items, to offset the damages caused by the Chinese Theft of intellectual property rights.
China is opposed to the U.S. list, at the same time, to propose an import tax of 25% to 106 U.S. products (worth 50 billion) including soy, cars, chemical products (list with modifications to 16/6/2018)
- President Trump's statement will consider applying an additional import tax to 100 billion in goods imported from China
- China claims to the WTO about the U.S. imposed import duties on steel and aluminum of the country
The American Chamber of Commerce concludes that China's ZTE company has violated agreements on the prohibition of trade with Iran and North Korea, through which the company was banned from trading with the US business within seven years.
China declares to impose anti-sales tax of 178.6% on Cao Luong goods imported from USA
China and America dialogue in Beijing have no results. The U.S. required cuts of 200 billion in trade deficits within 2 years, while China opposed the ZTE penalty decision and required the end of the Chinese government investigation.
ZTE Stop all operations in America.
The US and China start dialogue in Washington
China Chamber of Commerce claiming to stop the anti-sales tax on high wage rates from USA at dialogue round
China and the US agreed to postpone the import duties when China proposed to purchase more goods imported from the USA
Trump claims to withdraw from agreement dated 22/05, continuing to proceed with the tax pressure plan
China and US conducting 2 days dialogue in Beijing
USA and ZTE agree agreements allow ZTE recover operations in a limited way in America
US announces the final tax pressure list. List 1 will impose a tax rate of 25% to 818 products worth USD 34 billion (dropped from 1.334 original product) and officially entered into force in 6/7/2018. List 2 includes 284 products (worth USD 16 billion), still in the process of consideration.
China also changed the tax pressure list (25% for 106 products). List 1 will impose a tax of 25% to 545 products (worth 34 billion), officially in force in 6/7/2018. List 2 includes 114 products (valued at USD 16 billion)
- US officially applied import tariff package 25% TO 34 billion USD goods from China.
- China responded by Tariff package 25% similar to 34 billion US imports from USA
US announced list 3 is expected to impose tax 10% to 6,000 products originating from China, valued at USD 200 billion
- U.S. tax imposed on 25% instead of a 10% projected to be US $200 billion from China in list 3.
- The U.S. Department of Commerce also added 44 Chinese items to the Export control list, taking them as "serious risk" threatening U.S. national security.
A return to list 3 of the US, China also announced its 3rd list, which is expected to impose additional taxes on 5.207 items from the US, worth 60 billion.
- The U.S. announced the last 2 lists, 25% tax imposed (instead of 10% as expected) to 279 items from China, worth about US $16 billion (removal of 5 items compared to the original)
- In response, China also published a list of 2 tax pressures of 25% to US $16 billion in the U.S., officially in effect on 23/08/2018.
China filed an American lawsuit ON the WTO about the U.S. tax imposed on solar panels, which influenced the commercial interests of China.
Representatives from the US and China met and discussed for the first time since the war of trade began. There is no significant progression.
- U.S. formal pressure import tax 25% to 279 items from China (worth US $16 billion)
- China's US $16 billion retaliatory tax imposed list aimed at 333 items from the USA in force simultaneously with the U.S. tax pressure order
- On the same day, China also appealed us to the WTO on the repression of import duties under Article 301 to US $16 billion from China (according to List 2 of the USA)
- Closing the term of the comments for a proposal for the tariff of the package worth $200 billion of the Trump administration
- China claimed to retaliate by pressing taxes on 60 billion goods imported from the US
President Trump threatens to taxed an additional US $267 billion imports from China after 200 billion if it is necessary to find
The U.S. proactively propose a negotiation with China and the lead person will be the US finance Minister Mnuchin, before the tax imposed on 200 billion in Chinese official goods in force
USTR announced the official version of List 3 valued at 200 billion, the applicable tax rate of 10% is valid from 24/09/2018; then increases the tax rate to 25% since 1/1/2019.
China announces that the package of retaliatory tax is worth USD 60 billion on goods from the US, will be valid simultaneously with the US $200 billion on the Chinese cargo package, in 24/09/2018
China cancels appointments to meet with America to negotiate the tax pressure package of US $200 billion
- U.S. official tax pressure of 10% to US $200 billion in China, bringing the total value of Chinese goods tax imposed up to US $250 billion. This tax rate will increase by 25% since 1/1/2019
- China officially imposed a tax of 5-10% to 60 billion in goods from the US.
- China released "white paper", referring to the position of government in the American-Chinese trade relations.
United States and China officially reconnected contact, preparing for the G20 meeting
The US claims to prepare the publication of the tax list on all the remaining Chinese items worth 257 billion at the beginning of May 12/2018 if the G20 meeting does not meet the progression
- The United States and China attain "trade-strike agreements", agreed not to impose new tariff measures within 90 days, until 1/3/2019; and the two parties shall negotiate in order to reach the joint trade agreement.
- The U.S. will defer the tax increase plan in list 3 from 10% to 25% of the expected application on 1/1/2019, and no new tax imposed ON 267 billion USD goods from China. In return, China will buy more goods from the US , especially agricultural and energy commodities.
Chinese announces temporary removal of tax of 25% pressure on U.S. cars and 5% up some automobile accessory items for 3 months, starting on 01/01/2019. At the same time, China recovered the purchase of soybean oil from the US.
The United States and China began the first talks in Beijing after achieving the "trade strike deal". The discussion includes: (i) commercial issues such as commercial imbalances in certain areas; (ii) Institutional problems such as mandatory technology transfer, protection of intellectual property and non-tariff barriers. The meeting is said to have laid the platform towards solving the problem of interested parties but the important issues remain.
The U.S. and China conducted second talks in Washington. China has offered to buy 5 million tons of soybean oil from USA. General American System Donald Trump announced that he and the President Xi Jinping will have a meeting in February.
The President of the United States announced that he and Mr. Xi Jinping will not meet before the armistice expires (March 1, 2019).
The U.S. and China conducted talks in Beijing. The Chairman of the group at the peace was seen as the chief of the U.S. delegation, which was considered to be a goodwill. The two parties have not yet solved the disagreement but agree to continue the discussions in Washington next week.
The U.S. and China conducted talks in Washington. President Trump announced the renewal of the U.S.-China trade strikes because of the efforts gained in the negotiations. Despite not giving a specific deadline, Trump expressed hope that the meeting could take place in March.
The U.S. and China continue to conduct talks in Beijing after 1 month. The talks are considered constructive, with an enforcement mechanism to supervise China's trade concessions.
China decides to continue to defer additional tax on automotive and automobile parts of America.
China prohibits all synthetic fentanyl variants of opioid from 01/05/2019, considered as a concession by China concerning opioid crisis in the United States.
American and Chinese talks held in Washington.
China and the United States agreed to set up the office of Trade Agreement enforcement.
U.S. and China conducting talks in Beijing
US President Trump claims to impose additional tax 25% on goods imported from China worth 200 billion, will officially enter into force on the 10/5 day
The U.S. and China conduct trade negotiations but did not reach the final deal.
US officially imposed a 25% tax on goods from China valued at 200 billion by list 3 of each publication.
China claimed to impose an additional tax of 10-25% on goods from the US $60 billion, officially in Force from 1/6/2019
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