"The United States will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology, the White House said in a statement".
"For many years, China has pursued industrial policies and unfair trade practices-including dumping, discriminatory non-tariff barriers, forced technology transfer, over capacity, and industrial subsidies-that champion Chinese firms and make it impossible for many United States firms to compete on a level playing field", the White House said in announcing, for a second or third time, the planned tariffs. "The list of affected goods will be released by June 15", it added, The Hill reported.
But Trump abruptly reversed course on May 13, announcing on Twitter that he had been working with Chinese President Xi Jinping to help ZTE stay in business, partly to save Chinese jobs. An American business group appealed to China to allow more access to its state-dominated economy ahead of a visit by Ross for trade talks.
Mnuchin's remarks May 20 that "we're putting the trade war on hold", plus Trump's recent move to ease up on penalties against Chinese telecom giant ZTE, drew a sharp backlash among Trump's trade-policy supporters who criticized the president for going back on his promise to get tough on China.
China on Wednesday lashed out at renewed threats from the United States on trade, warning that it is ready to fight back if Washington is looking for a trade war. Those requests in particular have provoked a backlash from China, which has threatened its own potential set of tariffs on $50 billion in American goods.
When asked whether it was the administration's goal to keep China from becoming a leader in high-tech industries, Navarro said, "Exactly".
Commerce Department Secretary Wilbur Ross is scheduled to visit China on Saturday to negotiate the details of that agreement.
USA has already requested China to remove all of its several trade barriers, including non-monetary trade barriers, which make it both hard and unfair to do business there, it said. "We lost the trade war long ago".
The rollback in the situation takes place just after China rejected US accusations on the alleged theft of technology transfer before the World Trade Organization (WTO), and prior to the third round of bilateral talks, scheduled from June 2-4 in this capital.
China retaliated by imposing additional tariffs worth about $3 billion on 128 American products.
In addition, as part of the ongoing talks "the United States will request that China remove all of its many trade barriers, including non-monetary trade barriers, which make it both hard and unfair to do business there".
That case was filed in March, and is now being disputed.
Likewise, the U.S. will request that China remove all of its many trade barriers, including non-monetary trade barriers, which make it both hard and unfair to do business there, it said.