China planning to sue US over new tariffs

China planning to sue US over new tariffs


MARIA: WELCOME BACK. WE ARE LOOKING AT U.S.-CHINA TRADE THIS MORNING, NEW U.S. TARIFFS ARE NOW IN EFFECT. THEY WENT INTO EFFECT SEPTEMBER 1, CHARGING A 15% TAX ON $112 BILLION WORTH OF CHINESE IMPORTS. THOSE IMPORTS INCLUDE CHOCOLATE, BEEF, CHEESE, A LOT MORE. COMING INTO THE COUNTRY FROM CHINA. A SPOKESPERSON FOR THE CHINESE COMMERCE MINISTRY NOW SAYS CHINA WILL SUE THE UNITED STATES OVER THESE TARIFFS THROUGH THE WORLD TRADE ORANIZATION. JOINING US RIGHT NOW IS CHINA BEIGE BOOK CEO, LELAND MILLER. IT’S GREAT TO HAVE YOU. THANKS SO MUCH FOR BEING HERE. WE WANT TO ASK ABOUT CHINA’S ECONOMY. FIRST, YOUR THOUGHTS ON THE LAWSUIT THROUGH THE WORLD TRADE ORANIZATION.>>IT MAKES ALL THE SENSE IN THE WORLD FOR CHINA TO BE DOING THIS. ONE OF THE THINGS THEY’RE MOST SCARED OF IS BEING GANGED UP BY THE REST OF THE WORLD. THEY FEEL VULNERABLE. HOW DO YOU TALK ABOUT CHINESE RULE OF LAW, HOW DO THE CHINESE BROADCAST THE FACT THEY’RE PART OF THE SYSTEM AND THEY’RE NOT UNFAIR TRADERS, THIS IS ONE WAY. THEY SAY LOOK, WE WORK THROUGH THE SYSTEM. WE DEFEND THE RULE BASED ORDER. IT GIVES THEM NICE TALKING POINTS. MARIA: DOES THE HONG KONG SITUATION PUT MORE PRESSURE ON XI-JINPING? NEXT MONTH, OCTOBER, IS THE 70th ANNIVERSARY OF THE COMMUNIST PARTY BEGINNING ON OCTOBER 1st. YOU HAVE TO WONDER IF HE’S GOING TO DO ANYTHING BEFORE THAT. WHAT ABOUT THE HONG KONG PROTESTS AND HOW THAT ADDS PRESSURE?>>IT’S ENORMOUS PRESSURE FOR XI. THE WORLD IS WATCHING. EVERYBODY WANTS SOME SORT OF GRAPHIC, WANT A GUY STANDING IN FRONT OF A TANK OR THE CLOSEST AAPPROXIMATION. YOU HAVE MILLIONS OF PEOPLE IN THE STREET. YOU HAVE POLICE WHO ARE REACTING TO THEM. YOU’RE GOING TO HAVE IMAGES. IT’S VERY, VERY SENSITIVE FOR CHINA RIGHT NOW. YOU HAVE THE TRADE WAR. YOU HAVE HONG KONG. YOU HAVE ALL THESE OTHER ISSUES. IT’S VERY SENSITIVE TIME FOR BEIJING.>>WHAT DO THE PEOPLE OF HONG KONG WANT? IT STARTED OUT AS A PROTEST AGAINST A SPECIFIC EXTRADITION LAW. IT’S BECOME BIGGER THAN THAT. WHAT DO YOU THINK THEY WANT FROM THE CHINESE GOVERNMENT?>>THE MAJOR PROBLEM IS THERE ISN’T ONE SET OF DEMANDS. THEY’RE PUSHING BACK AT THE IDEA THEY’RE BEING ENGULFED BY THE CHINESE STATE. PEOPLE WHO TALK BAD ABOUT THE STATE ARE GOING TO DISAPPEAR, ALL KINDS OF — MARIA: THEY WANT AUTONOMY, LIKE WHAT THEY WERE PROMISED.>>THEY WANT TWO SYSTEMS. MARIA: CHINA KEEPS BREAKING THE PROMISES.>>THAT’S RIGHT. THERE’S NO REAL WAY OF EASILY PUSHING BACK. THIS IS BASICALLY AN OUTPOURING OF EMOTION AGAINST SOME THINGS THAT HAVE BEEN BUILDING UP WITH THE EXTRADITION LAW BEING THE MAJOR ISSUE. THIS IS REALLY HONG KONG FIGHTING FOR ITS OWN FREEDOMS. MARIA: I THINK IT HELPS THE PRESIDENT, DOESN’T IT, BECAUSE IT PUTS MORE PRESSURE ON XI-JINPING.>>IT YOU IS ADDITIONAL PRESSURE ON XI. IF XI IS TRYING TO SAY DO WE TRUST THE WHITE HOUSE TO DO THIS OR THAT IN RETURN FOR COMMITMENT, IT MAKES IT DIFFICULT TOO. MARIA: THE BREAKING NEWS THIS MORNING IS THAT CHINA’S COMMERCE MINISTRY SAYS IT HAS THE RIGHT TO DECLARE A STATE OF EMERGENCY. SO CHINA SAYS IT HAS THE RIGHT DECLARE A STATE OF EMERGENCY IN HONG KONG. DOES THAT CHANGE ANYTHING FROM YOUR STANDPOINT? THIS JUST HAPPENED THIS MORNING.>>NOT REALLY. CHINA’S ALWAYS FELT IT COULD DECLARE A STATE OF EMERGENCY. CHINA FEELS THAT HONG KONG IS CHINA’S AND AS A RESULT, THEY’RE GOING TO DO WHATEVER IT TAKES. THEY’RE WATCHING THE CAMERAS. THEY DON’T WANT THIS TO PLAY OUT BAD IN FRONT OF TV CAMERAS AROUND THE WORLD. THEY’RE GOING TO DO WHATEVER IT TAKES IN ORDER TO PUT THIS DOWN. THAT’S THE REAL TRAGEDY OF THIS ALL, THAT NO MATTER HOW HARD HONG KONG PEOPLE FIGHT, THIS IS GOING IN ONE DIRECTION.>>IN THE WORLD, ONE OF THE PLACES YOU COULD COUNT ON FOR STABILITY WAS HONG KONG. IT WAS A TRADING PORT, WAY BACK, NOW IT’S A FINANCIAL HUB. NOW IT’S UNSTABLE. LOOK AT THE IMAGES ON THE SCREEN. DOES CHINA CONCERN ITSELF WITH THE FACT THAT HONG KONG IS IMPORTANT FOR THAT PART OF THE WORLD, BEING A PART OF ENTRY FOR COMMERCE. MARIA: IT’S A GLOBAL FINANCIAL HUB.>>WHAT MESSAGE DOES IT SEND TO TIE TAE TAIWAN, WE’RE GOING TO GIVE YOU TWO SYSTEMS. THIS IS A MAJOR PROBLEM THAT XI DIDN’T NEED PARTICULARLY AS YOU SAID BEFORE THE 70th SAID BEFORE THE 70 ANNIVERSARY OF THE PRC. EVERYTHING IS HITTING THE CHINESE RIGHT NOW. I CAN’T IMAGINE BEING A FLY ON THE WALL WHEN THE LEADERSHIP MET. MARIA: THE ADMINISTRATION, I THINK IT WAS A COUPLE WEEKS AGO, SAID IF WE WERE TO SEE ANY VIOLENCE ON THE PART OF THE CHINESE GOVERNMENT, THERE’S ABSOLUTELY NO CHANCE OF A DEAL BETWEEN THE U.S. AND CHINA. RIGHT? SO I MEAN, THE U.S. IS WATCHING WHAT THE CHINESE GOVERNMENT DOES IN HONG KONG VERY CLOSELY.>>THEY ARE. BUT HERE’S WHERE THE CHINESE HAVE A BIT OF A PASS. A LOT OF WHAT IS HAPPENING RIGHT NOW IS DONE BY THE PEOPLE’S ARM POLICE, SOMETIMES ACTING AS HONG KONG POLICEMEN. THE CHINESE HAVE BEEN PREPARING FOR THIS FOR YEARS AND YEARS AND YEARS. YOU’RE UNLIKELY TO SEE THE TYPE OF ARMY ACTION, YOU’RE NOT GOING TO HAVE TANKS ROLLING OVER THE BORDER AND SHUTTING DOWN THE STREETS. YOU’RE GOING TO HAVE MORE POLICE ACTION. ONE THING THE CHINESE HAVE DONE, THEY’VE GOTTEN GOOD AT CROWD CONTROL, RIOT CONTROL. THE TYPES OF THINGS YOU SEE ARE MUCH MORE SMOOTH AND FLUID BUT THEY CAN PUT DOWN PROTESTS VERY EASILY. MARIA: THEY’VE GOT FACIAL RECOGNITION TO DO IT. THEY’VE GOT AI ALL OVER THE PLACE. WHAT ABOUT HUAWEI, THE COMPANY IS NOW AYOU USING IS NOW AYOU CSING IS NOW AYOU CUENG IS NOW AYOU CUEING THE UNITED STATES OF — ACCUSING THE UNITED STATES OF CYBER ATTACKS, OF THREATENING EMPLOYEES, HUAWEI DETAILING ALLEGATIONS IN A NEW RELEASE, PRESS RELEASE, WHERE IT DENIED STEALING SMARTPHONE CAMERA TECHNOLOGY. IT’S STILL DENYING STEALING ANY INTELLECTUAL PROPERTY.>>THAT’S ONE MAJOR CONCERN IS THAT LOST AMIDST THE OTHER MAJOR ISSUES, HONG KONG AND TRADE, IS HUAWEI WILL GET A FREE PASS ON THIS. HUAWEI HAS BEEN A VERY BAD ACTOR FOR A VERY LONG TIME. AND RIGHT NOW THEY’RE UNDER SIEGE. THE COMMERCE ACCIDENT HAS THE ABILITY TO BASICALLY — COMMERCE DEPARTMENT HAS THE ABILITY TO BASICALLY STOP MOST COMMERCIAL RELATIONSHIP WAS THE UNITED STATES UNDER THE ENTITY LIST AND UNDER MORE DRAMATIC THINGS, A DENIAL ORDER, FOR INSTANCE. THIS COULD GET LOST IN A TRADE DEAL. THAT WOULD BE A MAJOR PROBLEM. HUAWEI IS BASICALLY THE TIP OF THE CHINESE SWORD IN TERMS OF IG, IT’S PROBABLY THE MOST IMPORTANT STATE CHAMPION. THIS SHOULDN’T FALL UNDER THE RADAR DESPITE HOW MANY BIG THINGS ARE HAPPENING RIGHT NOW.>>HOW IS THE CHINESE ECONOMY HOLDING UP? MARIA: I’M GLAD YOU ASKED A THAT.>>WE HAD FLASH DATA THAT CAME OUT AND OUR DATA SHOWS THE ECONOMY IS IN MUCH MORE DIFFICULT SHAPE THAN I THINK THE MOST RECENT PUBLIC DATA. WE HAVE NOT SHOWN THIS DETERIORATION THROUGH 2017. THERE’S BEEN VERY STRONG CRED — 2019. THERE’S STRONG CREDIT SUPPORT. EVEN IN THE THIRD QUARTER, THINGS ARE NOW GETTING WORSE. MARIA: IS IT GOING TO HIT THE U.S.?>>THERE’S NOT NECESSARILY A CARRYOVER MECHANISM BUT THE WEAKNESS IN CHINA RIGHT NOW IS QUITE DRAMATIC COMPARED TO ANYTHING THAT WE’VE SEEN SINCE THE FOURTH QUARTER OF LAST YEAR. THERE’S NOT A MECHANISM THAT’S GOING TO TRANSFER ONE TO THE OTHER. IT’S WORRISOME FROM A TRADE STANDPOINT. MARIA: YOU SAID CHINA DOESN’T WANT TO FIGHT THE REST OF THE WORLD. DO YOU FEEL THE U.S. HAS ALLIES AGAINST CHINA?>>IF THEY’RE ASKED. THE PROBLEM IS, AS LONG AS THERE’S AUTO TARIFFS AND OTHER THINGS HOVERING OVERHEAD, THE EUROPEANS AREN’T GOING TO GO TO BAT FULL STEAM UNLESS THEY THINK THEY’VE BEEN CLEARED. A LOT OF THIS WILL BE TO MARSHALLING THE TYPE OF SUPPORT. EVERYONE KNOW WHAT CHINA’S BEEN DOING THE LAST 20 YEARS. THE QUESTION IS CAN THEY BE TAKEN OUT OF THE CROSS HAIRS AND PUT CHINA BACK IN IT. MARIA: DON’T FORGET THE HUAWEI INFRASTRUCTURE THAT’S IN PLACE

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About the Author: Oren Garnes

100 Comments

  1. HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA HAHAHAHAHA

  2. China steals intellectual property, manipulates it currency. Then they have the audacity and arrogance to sue the USA. I hope they lose!

  3. So tell me again how America is the one coming up short cause of this trade war? Yea cause suing America is a sign of great strength I mean if you were already winning why would you need outside help?

  4. When a government gets used to power or an overly sweet deal it's hard to correct the situation. We do however need to correct the situation.

  5. Maria open border skank operative
    Like cavuto both need illegal immigrants to clean their nasty shitters apparently

  6. If I don't have to buy China, I buy USA or another favorable country and I don't care if I have to pay more. I prefer best quality of product. No more cheap crap!!!

  7. I would like to see China sued for putting lead paint in the toys, For manipulation of their currency and for theft of patents.

  8. China is now threatening to impose a 500% tax on all egg rolls and orders of chow mein, egg foo young, and kung po shrimp sold in America.

  9. Hong Kong..should declare nationhood.. An independent republic..Hong Kong..should reject all forms of communism… What say thee Mr Donald j Trump.. Or do you support communism .?!?..

  10. Who says Trump is not the king of the best deal?
    This China suing of US on this means Trumps tariffs is so painful and biting towards them. Art of the deal! Painful for China. The maestro and king of 3D chess Trump is the best deal breaker. The more they delay is the more trump adds painful demands on the table against China. They’ve not seen it yet. More in store for them especially when trump wins the 2020 election. More pain for China then.

  11. And of course the US should take the court decision as seriously as China took the court's decision about the Sth China Sea!!!

  12. Sue China, while they Rob us and other countries. Wow, part of the problem is my pots have rivets showing. Cast iron is not suppose to have rivets. They mess up pancakes.

  13. How can china sue when they steal tech.those sneaky slant eyed bastards r gonna pay whether they like it or dont like it.the u.s. is the best thing goin today thank God and trump.

  14. Good Idea Big Red, Here comes the COUNTERSUIT on the grounds of INTELLECTUAL PROPERTY THEFT & CORPORATE ESPIONAGE. Let's also throw in the 100,000 per year Fentynal related deaths in America, These families deserve compensation. This just for warmups…

  15. Beijing, Xi, and the CCP will stop at nothing to get Hong Kong. There's to much money in Hong Kong that they want to get their hands on. Not to mention all of the potential organ donors that will end up in reeducation camps.

  16. Looks like China is pushing Trump to the limit. China has long tradition of revenge. They can't stop it. They are pushing Trump until Trump makes decision " no more made in China". Communist never learn from history.

  17. Huawei is definitely state owned, mostly all these companies that are large companies are state owned. International they pretend to be a independent company to gain confidence.

  18. While China floods are country with fentanyl killing thousands and thousands of our American citizens per year. That in and of itself should be classified as an act of war

  19. Ya China sue America over the terrif screwing you’ve been giving us for years haha good luck and go f**k yourselves you f**king worthless communists.

  20. China has robbed all the nation's of jobs and money. They've devalued their currency and have kept jobs from the world.

    Since trade wars, jobs have been moving back to the u.s. and other nations across the globe. America is giving jobs to everyone thanks to Trump.

    It is in the interest of the world to back Trump.

  21. "China feels Hong Kong is China's"??? Please go and try to tell your leader to say (publicly) Hong Kong is not part of China… Ignorant!

  22. Hahaha thats funny. China will not recognize the international tribunal's ruling on the South PHILIPPINE SEAS but will sue America in the international courts. No credibilty at all.

  23. If China wants to sue US for tariff, US can sue them back for so many things, stealing technology, make fade things and so many thing we can sue.
    Apple sued them but never win so better put more tariff to make company goes back to US

  24. War begins because of money. China has been the largest trading country in history, it’s how they make their money. Rome knew they existed but didn’t touch them, Greece, Persia, and so on. Take away their trading and you cripple their economy. Only way to retaliate is war… this is just the beginning folks.

  25. The problem is China didn’t illegally steal our jobs, we gave them our jobs we can’t complain. And before Britain Hong Kong was China so the fact that’s in next decade or whenever their agreement will go through and it will go the way back to China is good it should have been returned from the start.

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