Trump preparing additional tariffs on $200B in Chinese goods

11 July, 2018, 02:53 | Author: Myra Gill
  • The Latest: China raises tariffs on optical fiber materials

The tariffs could take effect after public consultations end on August 30, according to a statement from the U.S. Trade Representative's office Tuesday.

The Trump administration on Tuesday announced a package of tariffs targeting Chinese exports valued roughly at $200 billion.

The U.S. said it had no choice but to move forward on the new tariffs after China failed to respond to the administration's concerns over unfair trade practices and Beijing's abuse of American intellectual property, according to two senior officials who spoke to reporters. "We can not turn a blind eye to China's mercantilist trade practices, but this action falls short of a strategy that will give the administration negotiating leverage with China while maintaining the long-term health and prosperity of the American economy".

Senate Finance Committee Chairman Orrin Hatch, R-Utah, responded to Lighthizer's announcement with dismay.


President Donald Trump last month threatened additional tariffs against China if it retaliated.

Some countries have already announced retaliatory tariffs and other moves that US industries have said forced them to curb plans for expansion and investments overseas.

The move makes good on the president's threat to respond to China's retaliation for the initial us tariffs on $34 billion in Chinese goods, which went into effect on Friday and would eventually place almost half of all Chinese imports under tariffs. China has vowed to retaliate dollar-for-dollar to any further USA tariffs.

Chinese officials are expected to retaliate in other ways, hitting US firms in China with unplanned inspections, delays in approving financial transactions and other administrative headaches.

Recommended:



Popular

Harry and Meghan due in Dublin for two-day visit
The Book of Kells is one of Ireland's greatest cultural treasures, and is on display at Trinity College in the heart of Dublin . The newly married couple will first meet our Taoiseach Leo Varadkar before heading to a garden party at the British Embassy.

Woman In Puerto Rico Shirt Harassed While Cop Looks On
I am appalled, shocked & disturbed by the officer's behavior", Rossello's tweet reads. Mia Irizarry was just trying to celebrate her 24th birthday at the park on June 14.

Kylie Jenner gets rid of famous lip fillers
I feel like my stomach isn't the same, my waist isn't the same. "She didn't get those from me, I thank her dad for those". According to WWD , Kylie Cosmetics is projected to rake in $1 billion in lifetime sales by 2022.

Indiana Jones delayed to 2021 as Disney shakes up movie schedule
That latter date of February 12, 2021 , now belongs to an untitled Marvel movie, which was originally scheduled for July. Spielberg also has a number of films in front of " Indiana Jones ", including a remake of " West Side Story ".

U.S. Soybean Vessel Was Loaded for China Just Before Duties
And now her goods are avoiding the sweeping tariffs enacted by President Trump in his trade war with China. In response, the country or countries affected by those tariffs impose their own fees on imports.

'Rapt' Richie Porte gets Tour campaign back on track
Porte has moved up to 14th, 51 seconds off the lead and four seconds ahead of defending champion Chris Froome who rose to 18th. BMC Racing were four seconds quicker than their nearest rivals, Team Sky, in the stage three team time trial.

All 12 boys and coach safe after Thailand cave rescue
A family member told CNN Monday that they hadn't been told which boys had been pulled out, and who is still trapped in the cave. He shared images and video as four members of the soccer team, as well as their coach , were still trapped inside.

Duchess of Sussex stuns in Dior dress at RAF Centenary
On the accessories front, Meghan carried a black Givenchy clutch, Birks earrings, and Aquazzura shoes. They will go on to a garden party at the Glencairn House - the United Kingdom embassy in Dublin.

Cristiano Ronaldo leaving Real Madrid, joining Juventus for $123M
A Juventus' jersey with the name of Cristiano Ronaldo is exhibited in a shop in Turin, Italy July 7, 2018. It has also been confirmed that Juventus will send the transfer fee to Real across the next two seasons.

Hazard will replace Ronaldo at Real Madrid unless told one thing
He also shares his thoughts concerning French teenage sensation Kylian Mbappe , saying: 'I have a lot of respect for what he's doing.