Trump Administration Readies Tariffs On $200 Billion Of Chinese Imports

Trump Administration Readies Tariffs On $200 Billion Of Chinese Imports

China trade war escalated on Tuesday evening, with the Trump administration announcing a list of possible new tariffs on $200 billion worth of Chinese goods.

On Tuesday, the Office of the US Trade Representative proposed 10 percent tariffs on a list of 6,031 Chinese product lines.

The U.S.is pursuing a new set of tariffs that would hit $200 billion in Chinese goods, according to senior administration officials.

Last Friday, the USA imposed 25 per cent tariffs on $34 billion in Chinese products, and Beijing responded by hitting the same amount of US imports.

USA officials say they remain willing to bargain.

The U.S. complains that China uses predatory practices, including outright cybertheft, in a push to challenge American technological dominance.

The president has repeatedly described his resort to tariffs - which are paid by American importers - as a lever to extract negotiating concessions from US trading partners.

Instead of giving in, however, China hit back with dollar-for-dollar retaliatory tariffs on USA products.

But Trump has said continuously that China has taken advantage of the United States economy, and he has vowed to hit almost all the country's products with tariffs, as much as $450 billion.

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"The president has broken his promise to bring 'maximum pain on China, minimum pain on consumers, ' and American families are the ones being punished", Hun Quach, vice president of worldwide trade for the Retail Industry Leaders Association, said in a statement following news of the new round of duties. "There is no justification for such action", he said in a statement.

Trump authorized an initial $50 billion in tariffs - including the $34 billion that took effect Friday - to match those losses.

"Trump's escalation of trade hostilities makes it increasingly hard to envision an exit path from an all-out trade war".

"We expect this will have a meaningful impact on US consumer inflation as well as a meaningful drag on US GDP growth", he said in an interview, citing the Chinese government's pledge to retaliate against new US duties.

Tariffs are a "dangerous and very blunt instrument", Harborn said.

"Unfortunately, China has not changed its behaviour - behaviour that puts the future of the USA economy at risk".

In addition, the U.S.is considering separate duties on a further US$16 billion in Chinese goods, after a public hearing later this month.

China, meanwhile has vowed to match any future tariffs dollar-for-dollar, signaling an escalating trade war between the two nations.

The Washington Post's Danielle Paquette reported from Beijing.

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