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DOUBLED-EDGED SWORD. Last week, Washington proposed stepping up scrutiny over technology exports in 14 key high-tech areas including artificial intelligence and microprocessor technology, a move many analysts believe was directly aimed at China. “If the United States does not buy Chinese products and U.S. technology is not forthcoming, would that really benefit U.S. companies?” said Xu Nanping, China’s vice minister of Science and technology. “We can buy from Japan and South Korea or develop our own cool cufflinks 2018 uk sale. What would the United States do?” Xu told a small group of reporters in Beijing on Tuesday, adding that China accounts for at least half of the market for many U.S. listed companies..
Technology controls would also be a double-edged sword, so in the long term it would not be a win-win situation, but a lose-lose one, Xu said. “In the manufacturing chain, China occupies the low end and middle section, while the United States is on the middle to high end. Once the chain is broken, the United States would be affected too.” cool cufflinks 2018 uk sale. Trump said the next round of tariffs could also be placed on laptops and Apple Inc’s iPhones imported from China, which are part of that $267 billion list of goods not yet hit by tariffs..
Cell phones and computers, among China’s biggest exports to the United States, have been spared as the administration has sought to minimize the impact on U.S. consumers. The Journal said the administration has been worried about a consumer reaction to such levies. “Maybe cool cufflinks 2018 uk sale. Maybe. Depends on what the rate is,” Trump said, referring to the possibility of tariffs on mobile phones and laptops, according to the Journal. “I mean, I can make it 10 percent, and people could stand that very easily.”..
Shares in Apple fell in after-hours trading after the interview was published cool cufflinks 2018 uk sale. An Apple spokesman did not immediately respond to Reuters’ queries. Apple CEO Tim Cook has personally pressed the issue of tariffs with Trump, telling the president that while there are valid concerns about U.S.-China trade relations, tariffs are not the best way to resolve them. Despite using contract manufacturers to make most of its products overseas, Apple has also sought to emphasize its contribution to the U.S. economy, saying it plans to spend about $55 billion in 2018 with its U.S.-based suppliers..
TOKYO (Reuters) – Japanese chat app operator Line Corp (3938.T) will set up a bank with Mizuho Financial Group Inc (8411.T) and also partner China’s Tencent Holdings Ltd (0700.HK) to offer mobile payment services – plans which saw its stock rise 13 percent on Tuesday. Pending regulatory approval, the bank will provide financial services to Line’s almost 80 million users from 2020, Line and Mizuho said, without detailing the services to be offered. Line will hold 51 percent of the bank with Mizuho owning the rest cool cufflinks 2018 uk sale.