US-China trade: Beijing condemns US tariffs list
April 4, 2018 by admin
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Motorcycles made in China are among the imports that would be hit with a tax
Beijing is to place 25% trade tariffs on a list of 106 US goods, including soybeans, cars, and orange juice.
The retaliatory action comes after the US published a list of about 1,300 Chinese products it plans to hit with a 25% tariff.
The White House said the proposed imports tariff was a response to unfair Chinese practices to do with intellectual property rights.
The US tax targets items like medical products, televisions and motorcycles.
In response, the Chinese finance ministry said it would put 25% tariffs on US chemicals, some types of aircraft and corn products.
The products targeted by the tariffs were worth $50bn (£35.5bn) in 2017, according to a separate statement from the Chinese commerce ministry.
Extra tariffs will also be placed on products such as whiskey, cigars and tobacco, some types of beef, lubricants, and propane and other plastic products, the finance ministry said.
US orange juice, certain sorghum products, cotton, some types of wheat, as well as trucks, some SUVs and certain electric vehicles, will also be subject to the new duties, the ministry added.
‘In nobody’s interest’
Beijing said it “strongly condemns and firmly opposes” the tariffs.
“Such unilateralistic and protectionist action has gravely violated fundamental principles and values of the WTO [World Trade Organisation],” the Chinese embassy in Washington said in a statement on Wednesday.
China said the US action did not serve either country’s interests and “even less the interest of the global economy”.
“As the Chinese saying goes, it is only polite to reciprocate,” the statement added.
“The Chinese side will resort to the WTO dispute settlement mechanism and take corresponding measures of equal scale and strength against US products in accordance with Chinese law.”
- Analysis: Why China won’t baulk at US tariff threat
- Trump trade war: China tells US it will defend national interests
Trade war fears
Economists had previously warned the Trump administration’s move to slap China with the tariffs could prompt Beijing to retaliate and lead to higher prices for American consumers.
The release of the list comes just after China hit $3bn worth of US products with tariffs in response to steel and aluminium tariffs the US has imposed.
The products on the list the US published on Tuesday represent imports worth about $50bn annually.
$462.6bn
The value of of goods bought by the US from China in 2016.
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18.2% of all China’s exports go to the United States
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$129bn worth of China-made electrical machinery bought by US
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59.2% growth in Chinese services imported by US between 2006 2016
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$347bn US goods trade deficit with China
The office of the US Trade Representative, which handles trade negotiations, said the amount was “appropriate both in light of the estimated harm to the US economy and to obtain elimination of China’s harmful acts, policies and practices”.
A final list will be determined after a public comment period and review, expected to last about two months.
The plans for tariffs are the result of an investigation that US President Donald Trump ordered last year into China’s intellectual property practices.
Last month, he said the probe found evidence of problems, such as practices that pressure US companies to share technology with Chinese firms and ordered a list of products drawn up for tariffs.
Hopes for a resolution
When announcing its intentions to retaliate against the US tariffs on Wednesday, the Chinese embassy in Washington said it hoped the US would “with sense and long-term picture in mind, refrain from going down the wrong path”.
US business groups have also urged the two sides to try to resolve the issues through talks, expressing concern that threatening tariffs could lead to a dispute that hurts the US economy.
The US Chamber of Commerce said: “The administration is rightly focused on restoring equity and fairness in our trade relationship with China. However, imposing taxes on products used daily by American consumers and job creators is not the way to achieve those ends.”
China’s economy has become less dependent on exports in recent years, which is likely to blunt the effect of the tariffs, according to analysts for SP Global Ratings.
The US was the destination for about 18.2% of Chinese goods in 2016 according to the US trade department.
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Economists have warned the Trump administration’s move to slap China with the tariffs could prompt Beijing to retaliate
The list includes parts of communication satellites, semiconductors, aviation equipment and brewery machinery, as well as more niche products such as bakery ovens and rocket launchers.
Joseph Brusuelas, chief economist at RSM US, said he did not think the Chinese would take the list seriously, pointing to low-demand items like monitors with video cassette recorders.
Instead, he said the main outcome was likely to be higher prices for American manufacturers – and, eventually, consumers.
That may not be enough to persuade the Trump administration to opt for a different strategy, he added.
“At this point, if the Trump administration does not follow through on this they’re going to lose face and credibility,” he said.
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Shooting at YouTube Offices Wounds 3; Female Suspect Is Dead
April 4, 2018 by admin
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Vadim Lavrusik, a YouTube employee who formerly worked for The New York Times, tweeted just before 1 p.m. that there was an “active shooter at YouTube HQ” and that he had “heard shots and saw people running while at my desk.” He was barricaded in a room with co-workers, he said, but moments later tweeted that he had been safely evacuated.
The last known address for Ms. Aghdam was in Menefee, a city in Southern California about halfway between Los Angeles and San Diego.
Ms. Aghdam was active on various social media outlets, including YouTube, where she had a number of channels in Farsi, Turkish and English. On YouTube, she published an eclectic set of videos, including music parodies and workouts, on topics like animal cruelty and vegan cooking.
In February 2017, she recorded a video on Facebook criticizing YouTube for taking measures that decreased the number of views on her videos.
She said that she had contacted YouTube, but that the site’s support staff told her that her workout videos contained inappropriate scenes and needed to be restricted from younger audiences.
“This is what they are doing to weekend activists and many other people who try to promote healthy, humane and smart living — people like me are not good for big business like for animal business, medicine business and for many other businesses. That’s why they are discriminating and censoring us,” she said in the video on Facebook.
YouTube had pulled down all of her channels as of Tuesday night.
A 2009 story by The San Diego Union-Tribune quoted a woman with the same name as Ms. Aghdam at an animal rights protest outside Camp Pendleton, the Marine Corps base in Southern California. Two dozen attended the protest organized by People for the Ethical Treatment of Animals against the use of pigs in military trauma training.
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“For me, animal rights equal human rights,” said Ms. Aghdam, then 29, who attended the protest carrying a plastic sword and wearing a wig and jeans painted with drops of blood.
The shootings on Tuesday took place in a courtyard at YouTube’s offices, the police said. Those offices, like other Google facilities, maintain light security, with employees using badges to go through security gates or doors. Usually, the main lobby is attended by a receptionist. There are no visible metal detectors or armed guards.
San Bruno is about nine miles south of San Francisco, with a population around 43,000. YouTube is the city’s biggest employer, and many workers commute here from San Francisco. Though YouTube is owned by Google, it operates in a separate office, about 20 miles from Google’s main campus in Mountain View, Calif.
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San Bruno Police Department, via Associated Press
Outside the YouTube headquarters, armed police officers waded into a crowd of 200 or so employees who had evacuated to a nearby parking lot Tuesday afternoon. The police asked for employees who had witnessed something firsthand to come forward, and about two dozen, some visibly distraught, walked over to the officers.
Many employees said they had initially thought the episode was a fire drill. Others said they had run when people started shouting that there was a shooter. Two hours after the attack, YouTube employees, including Susan Wojcicki, the chief executive, continued to stream slowly down the hill, away from the office.
Footage broadcast by CNN showed people leaving the building in single file with their hands raised above their heads. Separate footage showed a large crowd lining up to be frisked, one by one, by the police.
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Zach Vorhies, 37, a senior software engineer at YouTube, said in an interview that he had been sitting at his desk when the fire alarm went off. He grabbed his electric skateboard and headed for a back exit, he said. As he rode down a gravel hill, he heard someone shouting and saw a man lying motionless in one of the office’s outdoor dining areas.
“He had a red spot on his stomach, and he was lying on his back, not moving,” Mr. Vorhies said. “I saw the blood soak through the shirt.”
About 25 feet away from the victim, he said, a man was shouting, “Come at me!” Mr. Vorhies thought the man was the attacker, but he did not see a gun and said it was possible that the man had actually “been taunting the shooter.”
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A moment later, an armed police officer entered the patio area, and Mr. Vorhies quickly left, he said.
The dining area can be reached from an adjacent parking structure without an employee badge, Mr. Vorhies said.
By 2:15 p.m., President Trump had been briefed on the attack. He tweeted a short time later: “Was just briefed on the shooting at YouTube’s HQ in San Bruno, California. Our thoughts and prayers are with everybody involved. Thank you to our phenomenal Law Enforcement Officers and First Responders that are currently on the scene.”
Was just briefed on the shooting at YouTube’s HQ in San Bruno, California. Our thoughts and prayers are with everybody involved. Thank you to our phenomenal Law Enforcement Officers and First Responders that are currently on the scene.
—
Donald J. Trump (@realDonaldTrump)
April 3, 2018
Cameron Rogers Polan, a spokeswoman for the San Francisco Division of the F.B.I., said in an email that the agency was in contact with the San Bruno police. The San Francisco division of the federal Bureau of Alcohol, Tobacco, Firearms and Explosives tweeted that it, too, was responding to the shooting.
Google said on Twitter that it was “coordinating with authorities.”
“I know a lot of you are in shock right now,” Google’s chief executive, Sundar Pichai, said in a statement posted to Twitter. “Over the coming days, we will continue to provide support to help everyone in our Google family heal from this unimaginable tragedy.”
Executives at other Silicon Valley companies took to Twitter to send their condolences to YouTube employees.
“From everyone at Apple, we send our sympathy and support to the team at YouTube and Google, especially the victims and their families,” Apple’s chief executive, Timothy D. Cook, wrote.
Jack Dorsey, Twitter’s chief executive, wrote on Twitter: “I can’t imagine what our friends at YouTube are feeling and dealing with right now. We‘re here for you and your families and friends.”
Others, including a trauma surgeon at the hospital where shooting victims were taken, expressed anger at continued gun violence.
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“You’d think that after we’ve seen Las Vegas, Parkland, the Pulse nightclub shooting, that we would see an end to this, but we have not,” the surgeon, Dr. Andre Campbell, told reporters Tuesday afternoon.
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