The US launched a Section 301 investigation against China, targeting technology transfers and intellectual property. Lincicome believes it's far better for the US to go to the WTO, but said it's too early for people to react much.
The US death toll from coronavirus rose to 19 as Washington state on Saturday reported two more deaths as cases jumped to 108. Two people have died in Florida, one in California and 16 in Washington state as hundreds of cases of infection have been reported around the country.
The US willful moves to propose steep tariffs on Chinese imports would have a negative impact not just on China and the United States, but also on the global economy, analysts believe.
The UK, much to the chagrin of the US, recently said it would allow Huawei to participate in its 5G networks, which are the next generation of mobile technology. But the UK did decide to bar the company from so-called core areas and will cap its 5G market share at 35 percent. Downing Street and Britain's spy agencies say with such limits in place, any risks, real or imagined, can be managed.
The United States on Monday removed the label of "currency manipulator" from China, a move experts said is "just recognizing reality" and will be welcomed by investors.
The US Federal Reserve took emergency action on Tuesday, cutting interest rates by half a percentage point-the largest cut since the 2008 financial crisis-in a move to help calm financial markets and stabilize the economy amid fears of the spreading coronavirus.
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The US accounted for 25 percent of the total applications, while Germany made up of 15 percent and Japan took 12 percent. China accounted for 7 percent.
The US Trade Representative's office released late Monday a list of EU products it would tax in anticipation of a ruling by the World Trade Organization this summer.
The US nuclear-powered Carl Vinson aircraft carrier was approaching the peninsula after participating in the joint war games last month.
The US State Department spokesperson should look at her own words and behaviors instead of using media reports to hit out at the government of another country, Hua said, adding US interference in Hong Kong affairs has aroused resolute opposition and strong indignation from the Chinese people, including Hong Kong compatriots.