U.S. unveils $200 billion list of China imports for tariffs

U.S. unveils $200 billion list of China imports for tariffs

The Trump administration has published a list of Chinese goods that may be subjected to 10 percent tariffs. This has raised concerns that China could retaliate with non-tariff trade measures.

U.S. officials released a list of thousands of Chinese imports the administration wants to hit with the new tariffs, including hundreds of food products as well as tobacco, chemicals, coal, steel and aluminum.

With the publication in the Federal Register, the administration will have a public hearing August 20, 2018, followed by a two-month consultation on these proposed tariffs, after which the tariffs could be imposed in September.

TRT World's Kevin McAleese reports from Washington DC.

The products include various food items, chemicals, minerals, tobacco, electronics and office goods.

US Trade Representative Robert Lighthizer said the United States would impose tariffs of 10 per cent on additional Chinese imports worth $200 billion. China announced a $3 billion list of us goods including pork, apples and steel pipe on Friday that it said may be hit with higher tariffs.

China said it is "shocked" after the United States announced plans for fresh tariffs, escalating a trade war between the two countries. That would leave China only $80 billion for further retaliation.

"The United States has unveiled the list of tariffs in an escalating manner", a spokesperson for China's Ministry of Commerce said.

Analysts say the Chinese government could target trade in services between the two countries, such as tourism and education, or seek to make life hard for big American companies operating in China.

The Chinese currency fell sharply against the dollar last month as fears over the trade war escalated.

"The action came just days after Washington levied punitive duties on $34 billion worth of Chinese products, and Beijing vowed to retaliate with equivalent tariffs on American goods".

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While the first round of USA tariffs focused on Chinese industrial products, which have less of a direct impact on American consumers, the most recent list of tariffs includes fish, apples, and furniture.

Some US business groups and senior lawmakers were quick to criticise the move.

Connelly called the USA and China strategy of "placing unwarranted tariffs" on seafood products "misguided", and warned that it will "only hurt workers and consumers in their own countries".

Orrin Hatch, the Republican Senate Finance Chairman, condemned the move as "reckless" and not "targeted", while USA stock index futures fell in early Asian trading.

On top of this, these tariffs are eliminating numerous economic gains created by last year's tax reform. Imposing taxes on another $200 billion worth of products will raise the costs of every-day goods for American families, farmers, ranchers, workers, and job creators.

The US complains that China uses predatory practices in a push to challenge American technological dominance.

"Unilateral actions that alienate long-standing USA allies and close off the US market to the rest of the world are not a recipe for economic growth and prosperity and are very unlikely to change China's unfair practices", ACC said.

Administration officials said they're turning up the pressure on China to stop swiping American intellectual property and to ditch policies that push USA companies into divulging their trade secrets in order to enter the Chinese market.

"China has no option but to fight fire with fire". Meanwhile, Senate Judiciary Chairman Chuck Grassley, R-Iowa, said the effects of the tariffs have been "very, very detrimental" and that he's "very, very nervous about it".

The latest escalation in the trade dispute sent markets lower.

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