![]() Several Western chief executives attending the high-profile forum in Beijing urged restraint amid the growing trade spat. US agricultural exports to China stood at $19.6 billion last year, with soybean shipments accounting for $12.4 billion.Ĭhinese penalties on US soybeans will especially hurt Iowa, a state that backed Trump in the 2016 presidential elections and is home to US Ambassador to China Terry Branstad.īoeing (BA.N) jets have also been often cited as a potential target by China. US 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 US farm sector. “If I were in the government, I would probably hit soybeans first, then hit autos and airplanes,” said the respected Lou Jiwei, currently chairman of the National Council for Social Security Fund (NCSSF). The United States should not underestimate China’s determination to protect itself, the paper said in an article signed “Zhong Sheng”, or “Voice of China”, used to express its views on foreign affairs.Ī former Chinese finance minister told the annual China Development Forum in Beijing on Saturday that the commerce ministry’s response so far had been relatively weak. The ruling Communist Party’s official People’s Daily said in a commentary that Washington was determined to choose “rashness and impetuousness” despite China’s efforts to be constructive. “We believe it is only part of China’s countermeasures, and soybeans and other US farm products will be targeted,” the widely-read tabloid said in a Saturday editorial. ![]() The measures were in response to US import tariffs on steel and aluminum that were due to take effect on Friday, imposed after a separate US probe.Ĭhina’s state-run Global Times said Beijing was only just beginning to look at means to retaliate. “China has already prepared, and has the strength, to defend its national interests,” Liu said, adding that China hopes both sides can work hard to protect generally stable Sino-US trade and business relations.īoth sides agreed to continue to communicate on the matter, the report added, without providing further details.Ĭhina has showed its readiness to retaliate, declaring on Friday plans to levy additional duties on up to $3 billion of US imports, including fruit and wine. Liu said the Section 301 investigation report “violates international trade rules and is beneficial to neither Chinese interests, US interests nor global interests”, Xinhua cited him as saying. It has also pressed China to cut its staggering $375 billion trade surplus with the United States by $100 billion. Washington is concerned at what it says is the misappropriation of intellectual property following an eight-month investigation under Section 301 of the 1974 US Trade Act. In the call with Mnuchin, Liu, a Harvard-trained economist, said China still hoped both sides would remain “rational” and jointly work together to keep trade relations stable, the official Xinhua news agency reported. The escalating tension sent shivers through financial markets as investors foresaw dire consequences for the global economy if trade barriers start going up. The call between Mnuchin and Liu, a confidante of President Xi Jinping, was the highest-level contact between the two governments since US President Donald Trump announced plans for tariffs on up to $60 billion of Chinese goods on Thursday. Water, electricity, trash service, and internet are not included.Īpplication and Tenant Screening is required $50 application fee per adult over 18.He United States has flouted trade rules with an inquiry into intellectual property and China will defend its interests, Vice Premier Liu He told US Treasury Secretary Steven Mnuchin in a telephone call on Saturday, Chinese state media reported. $3,300 security deposit and 1st month rent due at lease signing $2,200 per month yard maintenance and plowing included along with Private mailbox Marked town trash barrels Town trash roadside pickup Close to I95, local schools, emergency medical services, shopping, restaurants, beaches, and walking trails. ![]() Off the kitchen is a door to a small private deck. Chef Rebecca Charles of New York's Pearl Oyster Bar opened Pearl Kennebunk Beach and Spat Oyster Cellar (27 Western Ave., Kennebunk, 207/204-0860. The larger of the two bedrooms has two closets for extra storage. Amenities include high-efficiency heat pumps, washer/dryer in unit, granite countertops, wood floors downstairs and carpeted floors upstairs. The open concept kitchen features a dishwasher, electric range, oven, microwave, and refrigerator. Actual address will be 9-2 Alder Ln, Kennebunk. Two Brand New Year Round Rentals Available February 1st! Tucked away down a private road in a fantastic Kennebunk location, these new construction two-story, townhomes each feature 2 bedrooms and 1.5 bathrooms.
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