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U.S. to impose new duties on Chinese aluminium sheet products A worker checks aluminium rolls at a warehouse inside an industrial park in Binzhou, Shandong province, China April 7, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - The U.S. Commerce Department on Wednesday said it would impose final anti-dumping and anti-subsidy duties on Chinese common alloy aluminium sheet products of 96.3% to 176.2%. The decision marks the first time that final duties were issued in a trade remedy case initiated by the U.S. government since 1985. The Trump administration has promised a more aggressive approach to trade enforcement by having the Commerce Department launch more anti-dumping and anti-subsidy duties on behalf of private industry. “We will continue to do everything in our power under U.S. law to restrict the flow of dumped or subsidized goods into U.S. markets,” said Commerce Secretary Wilbur Ross in a statement. The final aluminium sheet duties, however, were … [Read more...] about U.S. to impose new duties on Chinese aluminium sheet products

U.S. indicts Chinese, Taiwan firms for targeting Micron trade secretsThe Saigon Times Daily Assistant U.S. Attorney General for National Security John Demers stands with Attorney General Jeff Sessions for a news conference to announce a criminal law enforcement action involving China and a new Department of Justice initiative focusing on China’s economic activity, at the Justice Department in Washington, U.S. November 1, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - The U.S. Justice Department on Thursday unveiled an indictment against two companies based in China and Taiwan and three individuals, saying they conspired to steal trade secrets from U.S. semiconductor company Micron Technology Inc relating to its research and development of memory storage devices. The charges against Taiwan-based United Microelectronics Corp, China state-owned Fujian Jinhua Integrated Circuit Co Ltd and three individuals who once worked for a unit of Micron mark the fourth case brought … [Read more...] about U.S. indicts Chinese, Taiwan firms for targeting Micron trade secrets

As Trump embraces more tariffs, U.S. business readies public fightThe Saigon Times Daily U.S. President Donald Trump holds an Oval Office meeting on preparations for hurricane Florence at the White House in Washington, U.S., September 11, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - After months of waging a behind-the-scenes war against President Donald Trump’s trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public. Emergence of the group, Americans for Free Trade, comes after Trump has warmed to the use of tariffs, implementing billions of dollars worth in an effort to use them as a threat to win concessions or in the belief they will create U.S. jobs. “A lot of other interest groups thought they wouldn’t go this long or go this deep, but the layering effect (of tariffs) has finally gotten everyone to say: ‘Enough is … [Read more...] about As Trump embraces more tariffs, U.S. business readies public fight

China's ZTE clears hurdle to lifting U.S. banThe Saigon Times Daily Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - The United States said on Wednesday that it signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month ban on doing business with American suppliers. The ban on China's No. 2 telecommunications equipment maker will be removed once the company deposits US$400 million in an escrow account, the U.S. Commerce Department said in a statement announcing that an escrow agreement had been signed. The ban, which was imposed in April and caused ZTE to cease major operations, has been a source of friction between Washington and Beijing, which are engaged in an escalating trade dispute. ZTE did not immediately respond to a request for comment. "Today's … [Read more...] about China’s ZTE clears hurdle to lifting U.S. ban

U.S. lawmakers press Facebook over Chinese data sharing Facebook CEO Mark Zuckerberg listens while testifying before a joint Senate Judiciary and Commerce Committees hearing regarding the company’s use and protection of user data, on Capitol Hill in Washington, U.S., April 10, 2018 – PHOTO: REUTERS WASHINGTON/SAN FRANCISCO (REUTERS) - Facebook Inc faced criticism on Wednesday from Republican and Democratic U.S. lawmakers who demanded that the social media company be more forthcoming about data it has shared with four Chinese firms. The bipartisan criticism reflected rising frustration in Congress about how Facebook protects the privacy of the more than two billion people who use its services worldwide. The leaders of the U.S. House of Representatives Energy and Commerce Committee accused Facebook Chief Executive Officer Mark Zuckerberg of failing to disclose the company's agreements with the Chinese firms when he appeared before them in April and testified about … [Read more...] about U.S. lawmakers press Facebook over Chinese data sharing