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Media Report
July 16 , 2018
  • ABC News reports: "China announced it filed a World Trade Organization challenge Monday to President Donald Trump's latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute. The Trump administration has criticized the WTO as unable to deal with the problems posed by China, suggesting a challenge there might have little impact in Washington. But it might help Beijing rally support from governments that criticized Trump for going outside the WTO to impose tariffs on Chinese and other imports. The move is unusually swift, coming less than one week after the U.S. Trade Representative proposed 10 percent tariffs on a $200 billion list of Chinese goods. Those wouldn't take effect until at least September."
  • CNBC reports: "The European Union will open an annual meeting with China on Monday, and will be looking to fend off overtures for an anti-US alliance as China seeks a European counterbalance to US tariffs. Premier Li Keqiang will host European Council president Donald Tusk and European Commission President Jean-Claude Juncker in Beijing, where the two sides could reinvigorate long-running investment treaty talks with the expected exchange of markets access offers for the first time. The meeting is expected to produce a modest communique affirming the commitment of both sides to the multilateral trading system. Leaders failed to find sufficient consensus for such a joint statement after meetings in 2016 and 2017."
  • Politico reports: "China's censors are scrambling to control the narrative about the trade war with the U.S. by giving the media a list of do's and don'ts when reporting on the topic, sources have said. Four separate sources working for Chinese media, who were briefed on these internal instructions, told the South China Morning Post that they were told not to "over-report" the trade war with US and be extremely careful about linking the trade war to stock market falls, the depreciation of the yuan or economic weakness to avoid spreading panic. "When you report a fall in the stock market index or a weakening in the yuan's exchange rate, you can't use 'trade war' in your headline," one source with an official Chinese media outlet, who declined to be named, said. A separate source said China's control of public discourse about the trade war, an issue too big to be ignored completely, has gone beyond a white-or-black approach and aims to be more subtle."
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