U.S. May Raise Tariffs to 25% on China

The list named more than 6,000 items worth $200bn in annual trade, including chemicals, textiles, minerals and consumer goods ranging from baseball gloves to frozen fish fillets.

While the duties would not be imposed until after a period of public comment, raising the proposed level to 25 percent would escalate the already bitter trade dispute between the world's two biggest economies.

One senior administration official said that Washington is ready to engage in talks with Beijing, but that "Trump is willing to take tough action in a way previous administrations have not in order to further discussions". The plan to more than double the tariff rate was first reported by Bloomberg News. China retaliated in kind.

"U.S. pressure and blackmail won't have an effect".

China has already warned it would retaliate if the U.S. went ahead with the plan, accusing Washington of blackmail.

The standoff between the US and China could be heating up.

Representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He have been speaking privately as they seek to restart negotiations to defuse the budding trade war, Bloomberg reported, citing sources. China responded by implementing its own penalties on US goods.

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Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018.

"China's trade abuses need to be addressed, but tariffs are not the answer", the National Retail Federation said.

In early July, the US government imposed 25 percent tariffs on an initial $34 billion of Chinese imports. "Regrettably, instead of changing its harmful behavior, China has illegally retaliated against USA workers, farmers, ranchers and businesses".

"The Coming Collapse of China" author Gordon Chang on USA trade talks with China and President Trump's overall trade policy.

The possible change in tariff rate will alter a public comment period for the proposed tariffs on $200 billion worth of goods ranging from Chinese tilapia fish to furniture and lighting products, extending a comment deadline to September 5 from a previously announced deadline of August 30, the officials said.

In July, the USA published a list of $200bn worth of additional products to be hit with tariffs of 10% - a figure the United States is now considering raising to 25%. Administration officials are exploring an additional $200 billion of goods on which tariffs might be imposed.

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