WASHINGTON: US officials published Tuesday a list of $50 billion in Chinese imports set to be targeted by US tariffs, the latest move in President Donald Trump’s simmering trade confrontation with Beijing. “Such unilateralistic and protectionist action has gravely violated fundamental principles and values of the WTO,” a Chinese Embassy statement read, referring to the World Trade Organization. The move toward trade sanctions on China, however, had received mixed reviews, with some support among lawmakers and industry bodies. (File pix)The US-China Business Council said it agreed US companies suffer forced technology transfer in China – but warned against tariffs. “The American business community wants to see solutions to these problems, not just sanctions,” John Frisbie, the council’s president, said in a statement.

Source: New Strait Times April 03, 2018 23:48 UTC