China vows to protect its interests from "reckless" U.S. trade threats

China vows to protect its interests from

"The Europeans are competitors for Trump in trade, on values and human rights".

China's Commerce Ministry on Thursday criticized proposed United States investment controls as a violation of global trade rules, saying it reserves the right to retaliate if they take effect.

The additional tariffs will have an impact on agriculture, but the extent of the fallout will depend on how things play out in trade talks between the two countries this week in Beijing, he said.

China on Wednesday lambasted "sudden flip-flops" in United States policy after President Donald Trump said he was moving to finalise trade sanctions against it - even as a USA delegation arrived in Beijing for talks.

If the United States implements trade sanctions including tariffs then all outcomes of the China-US trade talks will be void, state news agency Xinhua said on Sunday following high-level trade discussions in Beijing. Financial markets, wary of a calamitous trade war, were relieved.

The U.S. also wants its representatives to make site visits to check ZTE's claims about components without coordinating with Chinese government officials, as required by a non-public agreement between the countries, sources said.

The Pentagon has also banned ZTE products from being sold on USA military bases along with phones made by Huawei, another Chinese firm.

Here's hoping thrilling Stanley Cup final goes distance — TRAIKOS
Braden Holtby's save capped off the Washington Capitals' Game 2 win Wednesday. "Fleury's been pretty good all year". They're a team that always seems to feed off the raucous atmosphere and come out of the gate pretty strong.

The relationship between Navarro and Mnuchin appears to have been souring for a while over U.S.

In return, the Commerce Department lifted a seven-year ban on ZTE's purchase of US components that it imposed earlier in May. The ban, imposed this month, threatened to put ZTE out of business.

Some people familiar with the matter have told Reuters that approval may depend on progress of broader talks and a reprieve from a USA government ban on sales by US companies to China's ZTE Corp, penalized for illegally supplying telecommunications gear to Iran and North Korea. Chris Van Hollen, a Maryland Democrat. So how did this happen - the president trying to spare a Chinese tech firm while Congress is urging him to hold the line against that company?

Trump's team, meanwhile, has hit an impasse with Canada and Mexico on negotiations over NAFTA. "President Obama, Bush, Clinton lost this when we got into bad trade deals like NAFTA".

But the talks are running into the complications of Mexican elections in July and the US midterm elections in November along with a dispute over rules for auto production.

Analysts in the United States suggested the newly confrontational stance also might be aimed at appeasing congressional critics of a deal the Trump administration made Friday that allowed Chinese telecom giant ZTE Corp.to stay in business.

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