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Media Report
February 27 , 2018
  • CNN reports: "As trade tensions escalate between the US and China, one of President Xi Jinping's most trusted advisers is paying a visit to Washington. Liu He, a Harvard graduate and senior Chinese Communist Party official, is in the US this week to talk about trade and other issues affecting the relationship between the world's two largest economies. Experts say his mission appears to be an effort by Beijing to dial down the tensions that President Trump has helped fuel with recent tariffs on solar panels and threats of more punishing measures to come. China "still holds out hope that it can persuade the Trump administration to back off," said Scott Kennedy, an expert on the Chinese economy at the Center for Strategic & International Studies... Trump has until April to decide whether to impose restrictions on steel and aluminum imports. He's also suggested he'll take action against China over intellectual property abuses."
  • Reuters reports that the U.S. Commerce Department said on Tuesday it had made a final determination that imports of aluminum foil from China are being sold in the United States at less than their fair value and producers are benefiting from subsidies from Beijing. It said in a statement that antidumping and countervailing duties would be levied on a number of Chinese firms, with dumping margins ranging from 48.64 percent to 106.09 percent and anti-subsidy rates of 17.14 percent to 80.97 percent. "This Administration is committed to trade that is fair and reciprocal, and we will not allow American workers and businesses to be harmed by unfair imports," the statement quoted Commerce Secretary Wilbur Ross as saying. China has expressed "strong dissatisfaction" with the step and will take necessary measures to protect its legal rights and interests in the matter, the country's Ministry of Commerce (MOFCOM) said in a statement.
  • Financial Times comments: "While Beijing was outlining the path for Xi Jinping to rule as China's president for life, Tsai Ing-wen, his democratically elected counterpart in Taiwan, was speaking about the importance of universal human rights at a Holocaust memorial ceremony in Taipei. But Mr Xi's concentration of power... represents a growing threat to Taiwan's efforts to maintain de facto independence, in the face of Beijing's insistence that the island is part of its territory, and to the embattled democracy movement in neighbouring, semi-autonomous Hong Kong. "Xi Jinping has largely been the author of fairly hard-line policies toward [Hong Kong and Taiwan]," said William Stanton, a former US diplomat... "The problem with all dictators is that no one can put a break on anything they want to do." Over the past few years, Mr Xi has intensified the diplomatic, economic and military pressure on Taiwan. He has also presided over a crackdown on the democratic opposition in Hong Kong and increased interventions in the city's affairs despite promises made to respect its semi-autonomous status and human rights."
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