The license delay applies to industries Beijing has promised to open to foreign competitors, according to the U.S.-China Business Council. The group represents some 200 American companies that do business with China.
The threat came after President Donald Trump said Friday he was considering extending penalties to an additional $267 billion of Chinese products.
The administration could decide to begin taxing the imports—equal to nearly 40 percent of all the goods China sold the United States last year—after a public comment period ends Thursday.
The U.S. and Canada are sparring over issues including U.S. access to Canada's protected dairy market and American plans to protect some drug companies from generic competition.
Purse maker Vera Bradley has been moving production out of China, but says about 21 percent of the company’s products can’t viably be sourced elsewhere.
The U.S. Chamber of Commerce, Business Roundtable and National Retail Federation were among the groups calling for the U.S. to also reach a deal with Canada, not just Mexico.
President Donald Trump on Monday said he would terminate the North American Free Trade Agreement and sign a new trade accord with Mexico, potentially leaving Canada out of the bloc.
Along with Canada, the United States and Mexico have been negotiating for a year to overhaul the 24-year-old accord at the insistence of Donald Trump.
U.S. and Chinese negotiators ended two days of meetings Thursday without breaking a deadlock over trade that has unnerved financial markets and disrupted global commerce.
The clash between the NATO allies reverberated across global markets Friday as an economic crisis in Turkey threatened to spread. The S&P 500 Index erased its gain for the week.
Senate candidate Mike Braun has downplayed his company’s use of foreign-made goods, but his parts brand, Promaxx Automotive, includes products that were manufactured abroad, according to a review by The Associated Press.
Customs officials will begin collecting the border tax Aug. 23, the Office of the U.S. Trade Representative said. The list is heavy on industrial products such as steam turbines and iron girders.
The Federal Reserve will meet this week to assess an economy that has just enjoyed a healthy spurt of growth but faces a flurry of trade fights pushed by President Donald Trump that could imperil that growth over time.
Billionaire industrialist Charles Koch, who leads a powerful policy and political network, said Sunday he worries President Donald Trump’s actions on trade and tariffs put the booming U.S. economy at risk.
Companies seeking waivers fear the Commerce Department will be swayed by opposition from U.S. Steel, Nucor and other domestic steel suppliers.
In a hastily called Rose Garden appearance with President Donald Trump, European Commission President Jean-Claude Juncker said the U.S. and the EU have agreed to hold off on new tariffs.
Many farmers remain critical of President Donald Trump's tariffs, but were also appreciative Tuesday that he offered to provide some cash to help offset their losses.
Indiana-based Kimball Electronics said it might be forced to move manufacturing outside of the United States to avoid Trump’s tariffs on diodes and electric integrated circuits.
The world's top financial officials called Sunday for more dialogue on trade disputes that threaten global economic growth, with one warning that differences remain and tensions could escalate further.
President Trump’s latest plan is to consider slapping tariffs on imported autos and auto parts—a move he says would aid American workers but that could inflate car prices and make U.S. manufacturers less competitive.
