File photo of a container being lifted by a crane at the port in Qingdao, in China’s Shandong province. (AFP PHOTO) The list – which includes electronics, aircraft parts, medicine, machinery and other goods – has yet to be finalised and is intended as a response to China’s alleged theft of American companies’ intellectual property and technology. The move comes a day after Beijing imposed duties on about US$3 billion in US exports, a countermeasure widely seen as a warning that Chinese officials will not hesitate to retaliate quickly. “The proposed list of products is based on extensive inter-agency economic analysis and would target products that benefit from China’s industrial plans while minimising the impact on the US economy,” the office of US Trade Representative Robert Lighthizer said in a statement. The proposed list identifies roughly 1,300 goods but remains subject to a 30-day public review process before it can take effect. China slammed the “unilateralistic and protectionist” move. “Such unilateralistic and protectionist action has gravely violated fundamental principles and values of the WTO,” a Chinese Embassy statement read, referring to the World Trade Organization. “It serves neither China’s interest, nor US interest, even less the interest of the global… Read full this story
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