USA to slap tariffs on extra $200 billion of Chinese imports

Daniel Fowler
July 11, 2018

China last week accused President TrumpDonald John TrumpMcConnell to meet with Trump's Supreme Court pick Tuesday Kavanaugh offers lengthy judicial record ahead of bitter confirmation fight Hundreds protest Kavanaugh's nomination outside Supreme Court MORE of starting "the biggest trade war in economic history" with his administration's original round of tariffs. The publication of the list starts a weeks-long process that includes a public-comment period and hearings. Another source who is familiar with the situation confirmed the Bloomberg report to Reuters.

The move makes good on the president's threat to respond to China's retaliation for the initial us tariffs on $34 billion in Chinese goods, which went into effect on Friday and would eventually place almost half of all Chinese imports under tariffs.

China's retaliation to those measures was "without any worldwide legal basis or justification", Lighthizer said Tuesday.

According to the Ministry of Commerce, China considered the substitution of imports and the overall impact on trade and investment while making up a list of U.S. goods hit by import duties.

Tuesday's announcement included a 205-page public notice and list of the individual products that could be hit by the new 10-percent tariffs.

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The US is planning to implement 25 per cent tariffs on a further $US16 billion worth of Chinese imports within the next fortnight.

America's trade war with China is back on. China has vowed to retaliate dollar-for-dollar to any further USA tariffs. But Trump hasn't backed down, arguing that China's unfair trading practices are hurting American workers.

The new duties are "a reckless strategy that will boomerang back to harm USA families and workers", said David French, the National Retail Federation's senior vice president for government relations.

The administration says its tariffs are created to punish China for what it calls unfair trade practices, theft of intellectual property, and "forced technology transfers".

The U.S. Chamber of Commerce, which has supported Trump's tax cuts and efforts to reduce regulation of businesses, also criticized the administration's move.

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