#Apple, #BusinessNews, #China, #Headlines, #politics, #ScienceTech, #TheNewz, #Trump

Donald Trump exempts Apple products from tariffs on Chinese imports


Well well well, looks like Tim Cook’s glad-handing has paid off.

The Trump administration has now imposed a 10 percent import tariff on a total of more than $500 billion of goods made in China, set to increase to 25 percent in 2019. The tariffs will go into effect on September 24.

While the tariffs will affect a multitude of industries, Apple fans (and a certain white-haired CEO) have been concerned about what Trump’s trade war would do to the price (and desirability) of Apple products. Apple assembles its its devices in China, which would have made them subject to tariffs. That could have added a cost that would have likely made the already expensive Apple products even pricier. Read more…

More about Apple, Iphone, China, Trump, and Trade

Source: https://mashable.com/article/trump-trade-war-apple-watch-airpods/

#China, #CivilLiberties, #Google, #Government, #Headlines, #pch3lp, #ScienceTech, #TechNews, #TheNewz, #WorldNews

Report: Google Dragonfly links phone numbers to search results


Google isn’t doing a very good job of not being evil at the moment. That’s mainly due to the revelation back in August it was developing a censored search engine for China called Dragonfly. But it turns out Dragonfly isn’t just censored, it makes tracking individuals much easier for the Chinese government.

Dragonfly is just a prototype at the moment, but one that has caused ethical concerns, employee protests, and even one of Google’s senior research scientists to resign. If launched, it would adopt the Chinese government’s censorship rules and remove search results that used terms deemed unfit for public consumption. It doesn’t stop there, though. Read more…

More about China, Google Search, Dragonfly, China Censorship, and Tech

Source: https://mashable.com/article/google-dragonfly-search-china-censorship/

#China, #Headlines, #TheNewz, #Tradewars, #Trump

China says U.S. farmers may never regain market share lost in trade war


This story is being published by POLITICO as part of a content partnership with the South China Morning Post. It originally appeared on scmp.com on Aug. 11, 2018

China can easily find other countries to buy agricultural goods from instead of the U.S., its vice agriculture minister said, warning that American farmers could permanently lose their share of the Chinese market as a result of the trade war.

“Many countries have the willingness and they totally have the capacity to take over the market share the U.S. is enjoying in China. If other countries become reliable suppliers for China, it will be very difficult for the U.S. to regain the market,” Han Jun told official Xinhua news agency in an interview on Friday.

He also warned that American farmers could lose the position in the Chinese market they have spent several decades building up. Han said they may not be able to make up the losses brought by retaliatory tariffs, even with the White House’s planned $12 billion aid package for farmers caught in the dispute.

He said Beijing had imposed duties on 90 percent of the agricultural goods the country imports from the United States since the trade war kicked off at the start of last month, with limited impact on China.

“Levying additional tariffs will cause a great decrease in exports of U.S. agricultural products to China,” Han said. “But the impact on China is very limited, due to the diversified import sources.”

China and the U.S. have been locked in a tit-for-tat trade war since early last month. Beijing unveiled its latest retaliatory tariffs on $16 billion of American goods on Wednesday, matching Washington’s move to slap 25 percent duties on the same value of Chinese imports.

The vice agriculture minister also said Chinese companies had “basically stopped” importing soybeans from U.S. farmers since July 6 and would deal with the impact by finding alternative ingredients for animal feeds.

China is the world’s biggest importer of soybeans, which it uses to make cooking oil, biodiesel and the meal to feed livestock.

Han said the country was expecting soybean imports from the U.S. to drop dramatically this year and that preparations had already been made. “China is totally able to handle the shortfall created by a drop in American soybean imports,” Han told Xinhua.

China has been buying more soybeans from other countries and promoting alternatives to soybeans to feed livestock, as well as pushing farmers to plant more domestic crops. Before the trade war erupted, China was on track to import 300 million tons of soybeans from the United States this year.

The country imported about $24.1 billion of agricultural products from the United States last year, accounting for 19 percent of its total farm imports worth some $125.86 billion, according to the Ministry of Agriculture and Rural Affairs.

Han said that starting from July 6, Beijing had imposed 25 percent tariffs on 517 types of American agricultural products — including nuts, soybeans, cotton, fruit and meat. Their combined value last year was about $21 billion, he said.

He also warned that additional duties on American agricultural goods were in the pipeline.

Beijing has said it is ready to impose tariffs on $60 billion of American products if President Donald Trump — who has accused China of amassing a huge trade surplus through unfair trade practices — goes ahead with plans to slap extra duties on $200 billion of Chinese goods.

The next list will include 387 types of agricultural products – including coffee, vegetables and vegetable oils – which last year had a total value of around $2.9 billion.

As a result, almost all agricultural products China buys from the U.S. will face additional tariffs once Beijing’s latest countermeasures take effect, Han said.

The European Union would not be able to make up the losses for U.S. soybean producers, who will be left with a huge surplus without China buying the grain from them, according to Han. He said although the EU had agreed to import more soybeans from America, it would only buy 13 million to 14 million tons of soybeans a year over the next decade, according to estimates — compared with the more than 30 million tons of the grain China bought from the U.S. last year.

But Han admitted that Washington’s tariffs would impact China’s fruit, vegetable and seafood producers because it would not be easy for them to find alternative export destinations in the short term. He said Beijing would help exporters find other countries to sell their products to and try to boost domestic consumption instead, to minimize the impact of the tariffs.

The United States was the third largest market for Chinese fruit and fifth largest for vegetables last year, with the exports valued at a combined $1.84 billion.

Source: https://www.politico.com/story/2018/08/11/farmers-china-soy-bean-market-share-734773

#China, #Headlines, #TheNewz, #Tradewars

U.S. carmakers hit with Chinese tariffs as trade war changes gear


This story is being published for POLITICO as part of a content partnership with the South China Morning Post. It originally appeared on scmp.com on Aug. 9, 2018.

The updated tariff list, published by the Ministry of Finance on Wednesday, will slap 25 percent duties on 333 products instead of the initial 114 identified in mid-June, keeping the total value of the goods unchanged.

The new list removed some imports, including crude oil, from the crossfire. Instead, a vast array of vehicles, scraps and recyclables, petrochemicals, and medical equipment were added to the list, in a move that analysts say will inflict more pain.

The latest measures were a tit-for-tat response to U.S. tariffs on $16 billion of Chinese goods that were finalized by Washington on Tuesday, with both sides ready to impose the new duties on Aug. 23 in a further intensification of the bitter trade war between the world’s largest economies.

Last year, the total worth of U.S. exports to China in passenger cars, trucks and vehicles, and various auto and engine parts reached over $13.9 billion.

For the Chinese side, swapping out items on its final tariff list reflects its desire to reduce the impact to its own economy while putting more pressure on President Donald Trump, who will face critical midterm elections in November.

While some observers said China may have removed crude oil because of energy security concerns, others said it would not have a significant impact whether or not it was on the list.

China was the second-largest market for U.S. crude oil last year, but that represented only around 2 percent of China’s total imports of the product, said Lin Chen, an energy analyst for Japanese financial services firm Nomura.

“China has many alternative countries to import from,” he said. “It’s definitely not significant to China.”

Iris Pang, chief economist for China at ING Bank, said putting tariffs on automobiles would have a bigger impact for the U.S., with its car market facing serious competition from Europe.

“[The new list] could have more impact than the previous list, because it could also affect the labour market of the auto sector in the U.S.,” Pang said.

Besides passenger cars, minibuses and trucks, the new 25 per cent duties would be imposed on engines and vehicle motors, motorcycles and bicycles, trailers, wheels and even prams.

“The auto sector is a pretty important and strategic industry, for which it is easy to create a market reaction,” said Sophie Shen, a Shanghai-based analyst for PwC.

“In the short term, the overall impact will not be very large … but in the medium and long term, U.S. automakers such as Ford, which are already struggling in the China market, will find it even harder to rebound.”

Another key addition to Beijing’s latest tariff list was scrap metals and waste. U.S. scrap exporters were also rocked by the Chinese government’s decision to restrict shipments of waste and recyclables, with an import ban on waste products slated by the end of 2019.

The U.S. exported around $5.6 billion worth of various types of scrap waste to China last year.

But although China was strategic in targeting products, analysts said officials were probably focused more on minimizing the damage to their country’s own economy, which has already felt the bite from existing tariffs.

Beijing has found itself with limited options for follow-up trade measures because of the bilateral trade imbalance, using a range of duties in its threatened tariffs on the next $60 billion worth of U.S. goods to counter the U.S.’ proposed tariffs on another $200 billion of Chinese goods.

“I have a sense that the U.S. thinks this kind of tariff and expected retaliation would not hurt the U.S. and is a zero-sum game, which is not true,” said Pang, from ING.

“The remaining $60 billion is what China has on the table, and the next very important question is not about tariffs any more, but what kind of qualitative measures China would use — for example, the number of tourists leaving China for the U.S.”

Source: https://www.politico.com/story/2018/08/09/us-carmakers-chinese-tariffs-728911

#China, #DIY, #Headlines, #Robots, #ScienceTech, #TheNewz

Chinese Sexbot Maker Embraces 3D Printing

It was only a matter of time before sexbot makers commandeered 3D printing. One of China’s leading colloid model makers, DS Dolls has reportedly adopted additive manufacturing to make parts for its human-like […]

The post Chinese Sexbot Maker Embraces 3D Printing appeared first on Geek.com.

Source: https://www.geek.com/tech/chinese-sexbot-maker-embraces-3d-printing-1746981/?source

#China, #Headlines, #TheNewz, #Tradewars, #Trump

Trump threatens tariffs on all $500 billion worth of Chinese imports


President Donald Trump said Thursday that he is prepared to impose tariffs on all $500 billion worth of Chinese imports and will work to reset a trade relationship that he says is unfair, regardless of the implications it may have on the stock market or November’s midterm elections.

Trump told CNBC in an interview that aired Friday morning that he wants China “to do well” and that “I don’t want them to be scared,” but said he will not tolerate Beijing imposing retaliatory tariffs as he tries to end the trade imbalance between the two nations. The president said he would be willing to impose tariffs on $500 billion worth of Chinese imports, which is roughly the total value of the country’s imports to the U.S.

“We’re down a tremendous amount. I raised 50 [billion dollars in tariffs] and they matched us. I say ‘you don’t match us, you can’t match us,’ because otherwise we’re always going to be behind the eight ball,” Trump told CNBC’s “Squawk Box.”

“Are you ready to go to 500 [billion dollars]?” interviewer Joe Kernen followed up.

“I’m ready to go to 500,” the president replied.

Pressed by Kernen about the possibility that such a move could drag down the stock market, Trump said “if it does, it does.” He also said he is concerned only with the principle of fairness when it comes to America’s trade relationship with China, not with the potential political trouble that a trade war with Beijing could stir ahead of November’s midterm elections.

“Look, I’m not doing this for politics,” he said. “I’m doing this to do the right thing for our country. We’ve been ripped off by China for a long time. And I told that to [Chinese] President Xi [Jinping].”

Trump has made resetting U.S. trade relationships around the globe a priority for his administration in recent months, controversially targeting longtime allies and partners like South Korea, Mexico, Canada and the European Union.

But the president has saved specific ire for China, a nation he has accused of unfair trade practices, including intellectual property theft and forced technology transfers. Already, Washington and Beijing have imposed tit-for-tat tariffs on each other, with China’s batch targeting key industries in states Trump carried in the 2016 presidential election.

The back-and-forth between the two nations has sparked concerns of a looming trade war that could slow down what has been a strong economy under Trump. The president, for his part, has been publicly unconcerned about a trade war, writing on Twitter months ago that trade wars “are good, and easy to win.”

Source: https://www.politico.com/story/2018/07/20/trump-china-tariffs-734938