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U.S. eyes tariffs on $200B more Chinese imports

11 July, 2018, 05:13 | Author: Melinda Barton
  • What Is the Endgame for the Trump Trade Wars?

The move is in response to what the Trump administration says is China's unfair trade practices, and comes after both nations already announced tariffs on US$50 billion of each other's products.

Bloomberg first reported on Tuesday that the Trump administration was planning to release the list, citing two people familiar with the matter.

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 USA imports from China past year.

Last Friday, the United States imposed 25 percent tariffs on $34 billion in Chinese products, and Beijing responded by hitting the same amount of USA imports. They target baseball gloves, handbags and digital cameras, among other goods.

Mr Trump has been considering tariffs against China since his officials concluded in March that Beijing violates U.S. intellectual-property rights, such as by forcing American firms to hand over technology.

More than 6,031 product lines are affected by the proposed tariffs, including seafood, fruits and vegetables, grains, tobacco, auto rearview mirrors and burglar alarms.

A senior administration official told Fox News that China has been "non-responsive" to USA actions and has insisted that Beijing does not see any way America has been hurt by Chinese policies.

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


President Donald Trump last month threatened additional tariffs against China if it retaliated.

China's retaliation to those measures was "without any global legal basis or justification", Lighthizer said Tuesday. "We can not turn a blind eye to China's mercantilist trade practices, but this action falls short of a strategy that will give the administration negotiating leverage with China while maintaining the long-term health and prosperity of the American economy".

"We share the concerns expressed by the American side", he said.

"Trump's escalation of trade hostilities makes it increasingly hard to envision an exit path from an all-out trade war".

Chinese officials also encouraged businesses to reduce their reliance on USA goods, urging them to shift orders for products such as soybeans and automobiles to suppliers in China or countries other than the United States.

China accused the United States of starting "the largest trade war in economic history", after the first round of tariffs took effect last week.

"Unfortunately, China has not changed its behaviour - behaviour that puts the future of the United States economy at risk".

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