Sunday, 22 July, 2018

US May List Tariffs On $200 Billion More Chinese Products

China urges domestic firms to boost non American imports as trade war with US escalates Fabian Bimmer Reuters
Jeannette Daniel | 11 July, 2018, 02:54

The tariffs could take effect after public consultations end on August 30, according to a statement from the U.S. Trade Representative's office Tuesday.

Tne Trump administration has announced additional China tariffs, say insiders.

Trump last week said the United States may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly the total amount of US imports from China past year. The following day, China imposed tariffs on a slew of American agricultural goods.

All told, Trump has threatened eventually to slap tariffs on up to $550 billion in Chinese imports - more than China actually exported to the United States past year - if Beijing won't relent to US pressure and continues to retaliate. The first round of tariffs covered Chinese products ranging from farming plows to machine tools and communications satellites.

In addition, the U.S.is considering separate duties on a further US$16 billion in Chinese goods, after a public hearing later this month.

More news: Martinez: France's Henry is missing ingredient for Belgium

In a statement, U.S. Trade Representative Robert Lighthizer said that the new 10 percent tariffs were in response to what he called China's "retaliation and failure to change its practices".

Beijing thus far has vowed to respond in kind to any USA trade action.

The move came just days after the administration levied its previous tariffs package, valued at around $34 billion, against Chinese imports.

"The Trump administration is gambling that by wielding such a big club, it will force China to back down", said Edward Alden, a senior fellow at the Council on Foreign Relations.

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