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Monday, April 2, 2018

China slaps retaliatory tariffs on 128 US products


China slaps retaliatory tariffs on 128 US products BEIJING: China on Monday imposed tariffs on 128 US imports worth $3 billion, including fruit and pork, retaliating for US duties on steel and aluminium that Beijing said “seriously infringed” Chinese interests. The move, which was decided by the customs tariff commission of the State Council, followed weeks of rhetoric that has raised fears of a trade war between the world’s two biggest economies. The Trump administration had said its duties were aimed at steel and aluminium imports that it deemed a threat to US national security, but China’s Commerce Ministry on Monday called that reasoning an “abuse” of World Trade Organization (WTO) guidelines. The US measures “are directed only at a few countries, seriously violating the principle of non-discrimination as a cornerstone of the multilateral trading system, which seriously infringed the interests of the Chinese side,” said a statement on the Commerce Ministry website. President Donald Trump has repeatedly railed against China’s massive trade surplus with the United States and promised during the election campaign to take steps to slash the US deficit. Beijing had warned last month that it was considering the tariffs of 15 percent and 25 percent on a range of products that also include wine, nuts and aluminium scrap. They came into force on Monday, Xinhua said, citing a government statement. The levies are in response to tariffs of 10 percent on aluminium and 25 percent on steel that have also angered US allies. “We hope that the United States can withdraw measures that violate WTO rules as soon as possible to put trade in the relevant products between China and the US back on a normal track,” the Commerce Ministry statement said. “Cooperation between China and the United States, the world’s two largest economies, is the only correct choice.” Trump has temporarily suspended the tariffs for the European Union as well as Argentina, Australia, Brazil, Canada, Mexico and South Korea. But the White House has unveiled plans to impose new tariffs on some $60 billion of Chinese imports over the “theft” of intellectual property. Chinese Vice Premier Liu He, the top economic official, told US Treasury Secretary Steven Mnuchin in a phone call last month that the IP investigation violated international trade rules and Beijing was “ready to defend its naitonal interests”. ‘Heavy blow’ But Beijing has so far held fire against major US imports such as soybeans or Boeing aircraft — items that state-run daily the Global Times suggested should be targeted. The nationalistic newspaper said in an editorial last week that China has “nearly completed its list of retaliatory tariffs on US products and will release it soon.” “The list will involve major Chinese imports from the US,” the newspaper wrote, without saying which items were included. “This will deal a heavy blow to Washington that aggressively wields the stick of trade war and will make the US pay a price for its radical trade policy toward China,” the Global Times wrote. Despite the rhetoric, US Commerce Secretary Wilbur Ross on Thursday suggested the new measures on intellectual property were a “prelude to a set of negotiations”. The United States ran a $375.2 billion deficit with China last year. US Senator Elizabeth Warren, a Democrat, held meetings with Chinese officials on Friday and Saturday, including Vice Premier Liu. “With Vice Premier Liu He, I had an extensive discussion about how China’s trade-distorting measures end up hurting American workers,” Warren wrote on Twitter. “I’ve long been skeptical of trade policy -– both at home and abroad -– that caters to big corporations instead of working families,” she said. PICKED : https://arynews.tv/en/china-slaps-tariffs-us-products/

U.S. government seeks end to Supreme Court privacy fight with Microsoft


U.S. government seeks end to Supreme Court privacy fight with Microsoft
President Donald Trump on March 22 signed a provision into law making it clear that U.S. judges can issue warrants for such data, while giving companies an avenue to object if the request conflicts with foreign law. The U.S. government's Supreme Courtbattle with Microsoft over whether technology companies can be forced to hand over data stored overseas could be nearing its end, after federal prosecutors asked that the case be dismissed. President Donald Trump on March 22 signed a provision into law making it clear that U.S. judges can issue warrants for such data, while giving companies an avenue to object if the request conflicts with foreign law.
"This case is now moot," the U.S. Department of Justice said, citing the newly passed legislation, in a 16-page court filing on Friday that requested the dismissal. The Supreme Court on Feb. 27 heard arguments in the case, which had been one of the most closely watched of the high court's current term. Some justices urged Congress to pass a law to resolve the matter. Microsoft and the Justice Department had been locked in a dispute over how U.S. prosecutors seek access to data held on overseas computer servers owned by American companies. The case involved Microsoft's challenge to a domestic warrant issued by a U.S. judge for emails stored on a Microsoft server in Dublin relating to a drug-trafficking investigation. The bipartisan new law, known as the Cloud Act, was supported by Microsoft, other major technology companies, and the Trump administration. But civil liberties groups opposed it, saying it lacked sufficient privacy protections.
Microsoft, which has 100 data centers in 40 countries, was the first American company to challenge a domestic search warrant seeking data held outside the United States. The Microsoft customer whose emails were sought told the company he was based in Ireland when he signed up for his account. A representative for Microsoft did not immediately return requests for comment on the Justice Department's filing.
Picked : https://cio.economictimes.indiatimes.com/news/government-policy/u-s-government-seeks-end-to-supreme-court-privacy-fight-with-microsoft/63579994