The legislation is seemingly embedded in the presumption that goods from Xinjiang are invariably made with forced labour. Business enterprises will have to prove that forced labour, including that that by workers transferred from Xinjiang, was not used in manufacturing the product before it is allowed into the United States.
China will also cut import tariffs for a range of other products including some high-tech components from January 2020 onwards.
The WTCLA is the leading promoter and facilitator of global connections and inbound foreign direct investment of Los Angeles County.
Hong Kong pro-democracy protesters came back to streets on Sunday for a series of marches and rallies after a rare period of calm in nearly six months of unrest.
The November’s Purchasing Managers’ Index (PMI) rose to 50.2, up from 49.3 last month, the National Bureau of Statistics said.
The confrontation began in July when the Abe government restricted exports to South Korea of three materials critical to the manufacture of semiconductors and smartphone displays. The move threatened to disrupt the tightly linked supply chains and drive up the price of everything ~ from memory chips to iPhones. Both Japan and South Korea continue to suffer from the baggage of history. Given the rigid stance of both countries, no easy solution seems likely.
US President Donald Trump announced that his administration will put 10% additional tariffs on $300 billion goods and products coming from China starting from next month.
Taiwan has been ruled separately since the end of a civil war in 1949, but China has vowed to take control of the island, by force if necessary. It has significantly stepped up diplomatic and military pressure on Taipei ever since Tsai Ing-wen was elected as President in 2016.
"However, as the effects of this fiscal impulse fade over the next few years, growth will gravitate back toward potential (of around 1.75 per cent)."
Beijing's broadside is the latest act in a bruising conflict between the world's top two economies that has spooked markets and sparked fears about the global economy.
