Forgot your password?
Skip Navigation Links
Trump administration announces $22b in fresh tariffs on China
Stillman College, Tuscaloosa, AL August 08, 2018 (Stillman Advance, provided by UWIRE, a division of Uloop via Comtex) -- (C) 2018 UWIRE, a division of Uloop

The Trump administration announced today that it will go ahead with imposing 25 percent tariffs on an additional $16 billion in Chinese imports. They will take effect on August 23.

China initially responded to the news that the USA was considering tariffs on $50 billion in Chinese goods with threats of equal tariffs.

The office of US Trade Representative Robert Lighthizer said its "exhaustive" investigation showed "China's acts, policies and practices related to technology transfer, intellectual property and innovation are unreasonable and discriminatory and burden US commerce".

Tuesday's announcement was not a surprise. A June 15 list of 284 tariffs lines has been pared down to the final list.

The tranche of 25 per cent tariffs - which covers 279 products including electronic parts, plastics, chemicals, batteries, tractors and railway cars - follows $US34 billion worth of tariffs announced by the United States government in July.

More dead after new Ebola outbreak in Congo

An additional 43 suspected cases of Ebola were reported, including 13 confirmed by lab testing, according to WHO. The central African country has dealt with Ebola for decades and this is its tenth outbreak of the virus.

China fired back warning it would impose duties on $60 billion in United States goods.

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

China has been retaliating in kind.

The dispute has continued to escalate, as Trump last week threatened to jack up the tariff rate on the next $200 billion in Chinese imports his administration plans to target to 25 percent, from the planned 10 percent. Mr Trump has said he would be willing to hit all of China's imports with duties. Chinese imports of goods and services into the United States past year amounted to almost $524 billion. The alleged tactics include cyber-theft and a requirement that American companies hand over trade secrets in exchange for access to the Chinese market.

News Provided by COMTEX
Privacy Statement | Copyright © 2017 The Plastics Exchange. LLC. | Patent Protected | All Rights Reserved.