Published: Wed, July 11, 2018
Worldwide | By Lisa Hogan

US to slap tariffs on extra $200 billion of Chinese imports

US to slap tariffs on extra $200 billion of Chinese imports

Instead of giving in, however, China hit back with dollar-for-dollar retaliatory tariffs on USA products. "It will also result in retaliatory tariffs, further hurting American workers", a Chamber spokeswoman said.

It also includes consumer goods ranging from auto tires, furniture, wood products, handbags and suitcases, to dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products.

The Trump administration announced plans to levy tariffs on another $200 billion of Chinese goods as trade tensions escalate.

The news sent stocks tumbling, with China's markets leading the declines, and prompted a senior Chinese commerce ministry official to warn that the United States was harming the global trade order. On Friday, Beijing retaliated with mirror measures against USA imports hours after Washington introduced 25 percent trade tariffs on $34 billion worth of Chinese goods.

China's retaliation to those measures was "without any global legal basis or justification", Lighthizer said Tuesday.

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. Much of what the USA imports from China is apparel, handbags, shoes and electronics - products that were largely spared in earlier tariff lists.

The fight with China comes as Mr. Trump is also locked in a trade war with Canada, Mexico, the European Union and other USA allies.

Lighthizer's office will hear public comments on the plan and will reach a decision after August 31, according to a senior administration official who briefed reporters on condition of anonymity.

Chinese tariffs have already taken a toll on US exports such as soybeans, which raises questions about the possible political repercussions President Trump could face from farmers who supported him in the 2016 election.

"These practices are an existential threat to America's most critical comparative advantage and the future of our economy", said Robert Lighthizer, the president's chief trade negotiator. "Unfortunately, China has not changed its behavior - behavior that puts the future of the USA economy at risk".

The earliest they would come into effect is September.

Administration officials said they hoped the measures would convince the Chinese government to increase market access for United States companies and address allegations of the theft of intellectual property. Beijing has vowed to retaliate dollar-for-dollar.

"China has no option but to fight fire with fire".

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