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Media Report
March 16 , 2018
  • The New York Times reports: "The dust has yet to settle on President Trump's decision to impose sweeping tariffs on steel and aluminum imports, but the White House is preparing another major trade measure, this time aimed squarely at China. Mr. Trump and his top trade advisers are readying a raft of actions to penalize China's theft of American intellectual property, including tariffs on at least $30 billion of annual Chinese imports, people familiar with the discussions said. The measures, which could be announced as early as next week, may also include investment restrictions, caps on visas for Chinese researchers and challenges to China's trade practices at the World Trade Organization. Those familiar with the planning cautioned that the timing could be delayed, and that such measures are likely to be introduced in stages."
  • CNN reports: "America's biggest foreign creditor is tightening its belt. China's holdings of US government debt fell to a six-month low of $1.17 trillion in January, according to Treasury Department data published Thursday. The country remains the top foreign holder of US Treasury debt -- a position its held for most of the last decade -- but its move to reduce its investments comes amid rising trade tensions between the world's two biggest economies. China spent most of 2017 gobbling up more US debt. Its holdings of treasuries rose 13% during that year."
  • Foreign Policy reports: "A new draft proposal in the House of Representatives seeks to require China's cultural outposts in the United States, the Confucius Institutes, to register as foreign agents. The effort, spearheaded by U.S. Rep. Joe Wilson (R-S.C.), targets any foreign funding at U.S. universities that aims to promote the agenda of a foreign government. "The bottom line is transparency," Wilson tells Foreign Policy in an interview.  The draft bill does not single out Confucius Institutes by name, but according to Wilson it will apply to the Chinese government-run programs, which offer language and culture classes on more than 100 American college and university campuses."
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