SAN FRANCISCO: Apple is seen as a prime target for retaliation over US moves against the Chinese tech giant Huawei, but the roots planted by the company in China should help it weather the storm, analysts say. While Beijing may take aim at Apple in the countries’ high-stakes trade war, experts believe that the company’s size, cachet, and years spent cultivating business relationships in China should protect it from any direct retaliation. “As the US pounds on Huawei, Apple is the likely target for China to pound back,“ technology analyst Rob Enderle of Enderle Group said. “As the trade war accelerates, then Apple and Huawei are the two firms likely to get the damage,“ he said. Huawei has been thrust to the center of escalating tensions between the world’s two top economies, which have exchanged tariffs on hundreds of billions of dollars in two-way trade. President Donald Trump’s administration has infuriated Beijing by blacklisting the … [Read more...] about Will Apple’s roots in China hold fast amid political storm?
Tariff in china
BEIJING • A top US business lobby in China has said that nearly half of its members are seeing non-tariff-barrier retaliation in China as a result of the bitter trade war between Beijing and Washington. The American Chamber of Commerce of China and its sister body in Shanghai, citing a May 16-20 survey of members on the impact of tariffs, also said yesterday that 40.7 per cent of respondents were considering or had relocated manufacturing facilities outside China. Of the 239 respondents to the survey, which was conducted after China and the US both raised tariffs on each other's imports earlier this month, almost three-quarters said the impact of tariffs was hurting their competitiveness. To cope, around one-third of firms said they were increasingly focusing their China operations on producing for Chinese customers and not for export, while another one-third said they were delaying and cancelling investment decisions. Members said they face increased obstacles such as government … [Read more...] about US business lobby in China complains of more hurdles
WASHINGTON: The United States is at least a month from enacting its proposed tariffs on US$300 billion in Chinese imports as it studies the impact on American consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.Washington this month hiked existing tariffs on US$200 billion in Chinese goods to 25 per cent from 10 per cent, prompting Beijing to retaliate with its own levies on U.S. imports, as talks to end a 10-month trade war between the world's two largest economies stalled.U.S. President Donald Trump, who has embraced protectionism as part of an "America First" agenda aimed at rebalancing global trade, has threatened to slap tariffs of up to 25per cent on an additional list of Chinese imports worth about US$300 billion."There won't be any decision probably for another 30 to 45 days," Mnuchin said in a hearing before the U.S. House of Representatives Financial Services Committee.That timeline, which is accelerated compared to previous rounds of tariffs, means the next … [Read more...] about Next round of US tariffs on China at least a month away: Mnuchin
BEIJING/WASHINGTON: The United States is studying how proposed tariff increases on roughly another US$300 billion in Chinese imports will affect consumers and is at least a month away from enacting them, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.Washington earlier this month hiked existing tariffs on US$200 billion in Chinese goods, prompting Beijing to retaliate, as talks to end a 10-month trade war between the world's two largest economies stalled.U.S. President Donald Trump, who has embraced protectionism as part of an “America First” agenda aimed at rebalancing global trade, has threatened to slap tariffs of up to 25per cent on an additional listing of Chinese imports worth about US$300 billion."There won't be any decision probably for another 30 to 45 days," Mnuchin said at a hearing with U.S. lawmakers, adding that he had spoken with Walmart Inc's chief financial officer about how the tariffs will impact consumer prices.Walmart, the world's largest … [Read more...] about Mnuchin says further US tariffs on China at least a month away
BEIJING Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country's regulatory environment is "bleak". China's trading partners have long complained that their companies are often compelled to hand over prized technology in exchange for access to the world's second-largest economy. The European Union Chamber of Commerce in China said yesterday that results from its annual survey showed 20 per cent of members reported being compelled to transfer technology for market access, up from 10 per cent two years ago. Nearly a quarter of those who reported such transfers said the practice continues, while another 39 per cent said the transfers had occurred less than two years ago. "Unfortunately, our members have reported that compelled technology transfers not only persist, but that they happen at double the rate of two years ago," European Chamber … [Read more...] about More European firms forced to transfer technology in China