CHINA POSTPONED ACCEPTING US-BASED COMPANIES’ APPLICATION OF COMMERCIAL LICENSE




Mustafa AY – TDO – 12.09.2018 On Tuesday, Jacob Parker – Vice Chairman of USA-China Business Council – announced Beijing’s decision to postpone accepting US-based companies’ application of commercial license to sustain their financial and industrial services. In case of persistence of this situation, US technology firm’s businesses and services operated in China will be constantly interrupted on account of the commercial war between USA-China. In order to nullify the move, China stipulate the condition that Washington should abolish +%15-30 tariffs against some certain Chinese businesses.