US May List Tariffs On $200 Billion More Chinese Products

US May List Tariffs On $200 Billion More Chinese Products

US May List Tariffs On $200 Billion More Chinese Products

The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion (£150.8 billion) worth of Chinese imports.

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 a year ago.

The fight with China comes as Mr. Trump is also locked in a trade war with Canada, Mexico, the European Union and other USA allies.

On Friday, the USA slapped 25 percent taxes on $34 billion in Chinese imports, majority are industrial goods that the Trump administration says receive subsidies or other unfair support from Beijing.

The White House has complained that China has used predatory practices in a relentless push to grant Chinese companies an unfair advantage in the industries of the future, including robotics, electric cars and biopharmaceuticals.

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 USA pressure and continues to retaliate.

Chinese officials are expected to retaliate in other ways, hitting US firms in China with unplanned inspections, delays in approving financial transactions and other administrative headaches.

Trump's ex-lawyer fires what could be a warning shot
The attorney and former mayor of NY , who is a long-standing friend of Trump's, walked back that suggestion a little on Sunday. He also continued his claims that Trump didn't collude with Russians to influence the 2016 U.S. presidential election.

Samsung launches world’s largest mobile phone factory in India
India's government, naturally, is excitedly embracing the announcement as art of its " Make in India " initiative. Today Samsung is opening what it describes as the world's biggest mobile phone manufacturing facility.

Sen. Lindsey Graham Says Red State Dems Should Support SCOTUS Pick
Thapar was on the shortlist of candidates after judge Antonin Scalia died in 2016. "Let's say it's the four people", Trump said. Other finalists are said to be appeals court judges Amy Coney Barrett , Raymond Kethledge and Thomas Hardiman .

Chinese tariffs have already taken a toll on US exports such as soybeans, which raises questions about the possible political repercussions President Trump could face from farmers who supported him in the 2016 election.

"Although I have supported the administration's targeted efforts to combat China's technology transfer regime, tonight's announcement appears reckless and is not a targeted approach", Hatch said in a statement.

Robert Holleyman, the USA official in charge of trade with Asia during former president Barack Obama's second term, described the tariffs as "tax hikes on US imports".

The latest salvo is part of Mr. Trump's multifront trade war, which has seen Washington take on its rivals and allies alike in a bid to fulfill the President's promise of bringing manufacturing jobs back to the United States. Rather than address our legitimate concerns, China has begun to retaliate against US products.

Trump authorized an initial $50 billion in tariffs - including the $34 billion that took effect Friday - to match those losses. "Unfortunately, China has not changed its behaviour".

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. "Moreover, they will blame any economic troubles on Trump and the United States".

Related news



[an error occurred while processing the directive]