Trump Administration Readies Tariffs On $200 Billion Of Chinese Imports

Charlene Craig
July 11, 2018

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

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

The tariff war was initially launched after Trump accused China of intellectual property theft by stealing American trade secrets and forcing U.S. companies to hand over technology to do business.

He told reporters: "The Trump administration lacks the savvy skill to impose tariffs in such a way that doesn't simply harm every single strategic trading partner from the European Union to China". President Donald Trump has already ordered tariffs on another $16 billion in Chinese exports for later this summer, after the comment period on the American list closes, and China will retaliate again. Beijing immediately retaliated with similar duties on USA exports. Or is it that the original tariffs were related to national security, and these are retaliatory tariffs intended only to retaliate against the original retaliatory Chinese tariffs-and thus don't need any particular justification?

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Last week, Washington imposed 25 percent tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of USA exports to China.

US Trade Representative Robert Lighthizer said the United States would impose tariffs of 10 per cent on the additional Chinese imports.

Meanwhile, US Senator Orrin Hatch, Chairman of the Senate Finance Committee called the move "reckless".

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.

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America's trade war with China is back on.

The Trump administration said it cracked down on China for a range of trade practices involving intellectual property and technology that cost USA companies an estimated $50 billion annually.

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

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

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In Beijing, Li Chenggang, assistant minister at China's Commerce Ministry, said that the latest US proposals would hurt both countries and pointed to declines in Chinese export growth and overseas investment to the United States in the first half of this year. The President imposed steel and aluminum tariffs on these countries, and has threatened to hit them with levies on imported cars and trucks.

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