'Reckless': Trump escalates trade war with another $US200b in Chinese tariffs

Lester Mason
July 11, 2018

The list includes agricultural products, minerals and consumer goods such as handbags, among other items.

Trump said last week 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.

"China is forced to strike back to safeguard core national interests and the interests of its people", the Commerce Ministry said in a statement to CNN last week. China responded with levies of its own, targeting $34 billion in US products such as pork and whiskey.

The United States and China launched what Beijing called the "biggest trade war in economic history" Friday, July 6, imposing tariffs on billions of dollars of each other's goods amid a spiraling dispute over technology. "There is no justification for such action".

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

A ship carrying USA soybeans took off for China last week just before the Asian country's retaliatory tariffs went into effect. China has vowed to retaliate dollar-for-dollar to any further US tariffs. Since then, the president has said his administration could impose duties on virtually all Chinese imports into the U.S.

The additional USA tariffs, which will go through a two-month approval process including a public hearing, come after China retaliated in a tit-for-tat trade skirmish last week. But Trump hasn't backed down, arguing that China's unfair trading practices are hurting American workers.

Other reports by Iphone Fresh

Discuss This Article