Trump administration finalizes tariffs on $16 billion in Chinese goods

Lester Mason
August 8, 2018

The first round of President Donald Trump's punitive tariffs on China will hit the full $50 billion in goods starting August 23, the government announced Tuesday.

China has already retaliated with duties of its own, and has pledged to match the USA dollar for dollar with new tariffs.

This is a second installment of tariffs as "part of the USA response to China's unfair trade practices related to the forced transfer of American technology and intellectual property", the trade representative's office wrote in the Tuesday release.

Tuesday's announcement was not a surprise. After receiving public feedback, it cut 515 products from the list in June and added 284.

Beijing has called on U.S. officials to be "cool headed", but fired back warning it would impose duties on an additional $60 billion in United States goods, a threat the White House dismissed as "weak".

This is the second tranche of tariffs following the July 6 levy on approximately $34 billion worth of Chinese goods, the USTR said.

In the meantime, it sought public comment on the new items.

Beijing has already threatened to retaliate against USA products in kind, warning Washington against "blackmailing and pressuring".

And the conflict is likely to escalate: The administration is preparing tariffs of up to 25 percent on an additional $200 billion in Chinese products. Mr Trump has said he would be willing to hit all of China's imports with duties. The alleged tactics include cyber-theft and a requirement that American companies hand over trade secrets in exchange for access to the Chinese market.

The US is now considering tariffs on another $200bn in goods, including consumer products that were spared duties in the initial $50bn round.

Other reports by Iphone Fresh

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