Published: Wed, July 11, 2018
People | By Neil Grant

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

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

"The outburst of large-scale mutual levying of tariffs between China and the United States will inevitably destroy Sino-US trade", Li Chenggang, the assistant minister of commerce, said.

Trump has been considering tariffs against China since his officials concluded in March that Beijing violates USA intellectual-property rights, such as by forcing American firms to hand over technology. It's unclear what that action could include.

The US on Tuesday published a list of $200 billion (€170 billion) worth of Chinese goods that could soon be hit with tariffs.

China imported USA goods worth $130 billion previous year and Friday's tariff hike hit $34 billion of that, with another $16 billion cited for a possible increase. There have been no confirmed high-level talks between to two sides since early an early June visit to Beijing by U.S. Commerce Secretary Wilbur Ross that achieved no breakthroughs.

China's government vowed Wednesday to take "firm and forceful measures" as the U.S. threatened to expand tariffs to thousands of Chinese imports like fish sticks, apples and French doors, the latest salvo in an escalating trade dispute that threatens to chill global economic growth.

Trump's latest action will hit consumer products, which were spared from the first import levies.

USA tariffs of 25 percent on $34 billion of Chinese imports went into effect on July 6.

U.S. President Donald Trump has said he may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly the total amount of U.S. imports from China previous year.

Mr Lighthizer said the products targeted by the tariffs are those that benefit from China's industrial policy and forced technology transfer.

The new tariffs will not immediately go into effect, instead going through a two-month review process, with hearings in late August.

Beijing on Wednesday vowed to take "countermeasures" after the announcement.

Ivanka's products remain untouched by these tariffs and the fashion line is continuing to work with and create order contracts for Chinese shoe suppliers, such as Chengdu Kameido Shoes and Hangzhou HS Fashion.

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".

Trump has said continuously that China has taken advantage of the U.S. economy, and he has vowed to hit almost all the country's products with tariffs, as much as $450bn.

China's Commerce Ministry slammed the latest United States threat as a "totally unacceptable" escalation of their dispute and promised to protect its "core interests".

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

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