Trump's tiff with China draws ire of U.S. farmers

China is the world's largest soybean importer, buying vast numbers of beans from countries like the U.S. and Brazil.

The United States hopes that the national security claim will make the steel and aluminium tariffs immune to a challenge at the WTO, but Zhang said they failed to pass the WTO test of being "essential" for national security.

"Even free traders and internationalists agree China's predatory trade practices, which include forcing USA businesses to transfer valuable technology to Chinese firms and restricting access to Chinese markets, are undermining both its partners and the trading system", it said.

"There's no trade war; it's just a trick", he said."The U.S came with trade tariffs to say it's not happy".

As per USTR, the American US consultation request identifies apparent breaches by China of WTO rules, harming the intellectual property rights of US companies and innovators.

The Trump administration announced trade sanctions against China Thursday, and Beijing has said it will defend itself.

Tokyo's main Nikkei share index was down more than 4 percent Friday, while share indexes in Shanghai and Seoul fell by more than 3 percent, following similar declines on Wall Street overnight.

USA farm groups have long feared that China, which imports more than third of all US soybeans, could slow their purchases of agricultural products, heaping more pain on the struggling USA farm sector. China significantly increased its tariff rates on US ethanol in January 2017, which caused shipments to collapse. "China won't change its ways". A commentary published by the official Xinhua news agency said the United States had adopted a "Cold War mentality", and "panic" over China's economic rise was driving Washington's confrontational approach.

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Roach said he could foresee "the Chinese government moving to restrict, in some form or another, the financial as well as the supply chain activities of American companies operating in this country".

"The only thing we are interested in seeing from the Chinese side is action", one senior official, who was not authorized to speak on the record, told reporters. China was not exempted even though it was a far smaller supplier than Canada or South Korea.

ROBERT LIGHTHIZER: There's no decision until the president makes it, but our view is that we have a very serious problem of losing our intellectual property, which is really the biggest single advantage of the American economy in my opinion.

China's retaliation against the USA tariffs on steel and aluminium appeared restrained. If you count services, last year's trade deficit was $568 billion.

In retaliation, China said that it is considering raising tariffs on Dollars 3 billion worth of U.S. exports ranging from steel, aluminium and American pork among other goods.

The fruit growers of California, Florida, Michigan and Washington all stood to lose as China's list also included close to 80 fruit and nut products. The U.S. exported $669 million of fruit, frozen juice and nuts to China previous year, and it was the top supplier of apples, cherries, walnuts and almonds.

China is unlikely to respond until Washington acts but might launch an investigation of imports of US corn and soybeans "as a warning shot", said Parker.

"We believe it is only part of China's countermeasures, and soybeans and other USA farm products will be targeted", the widely-read tabloid said in a Saturday editorial. China is drawing its bow but not firing.

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