U.S. may list tariffs on $200 billion more Chinese products

Shipping containers are seen piled up at a port in Qingdao

The US Trade Representative office will hold hearings on the targeted products and it's expected it will take about two months to finalize the list, at which point Mr Trump would decide whether to go ahead with the tariffs.

The Trump administration announced Tuesday that it has started the process of implementing fresh tariffs on $200 billion worth of imported Chinese goods.

The U.S. imposed an initial round of 25% tariffs, applying to $34 billion in imports, as part of a $50 billion tariff plan. "There is no justification for such action", he said in a statement.

"For over a year, the Trump Administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition", he said in a statement.

The Office of the U.S. Trade Representative published the list of more than 6,031 product lines Tuesday and proposed 10 per cent tariffs on them.

"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.

The move drew immediate condemnation from Senate Finance Chairman Orrin Hatch, a Republican from Utah, who called it "reckless" and not "targeted".

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. China has vowed to retaliate dollar-for-dollar to any further USA tariffs. Industry groups have also highlighted the duties' potential to derail US economic growth. "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". Since then, the president has said his administration could impose duties on virtually all Chinese imports into the U.S.

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 U.S. Chamber of Commerce, which has supported Mr Trump's tax cuts and efforts to reduce regulation of businesses, also criticised the administration's move.

Related:

Comments

Latest news

Trump to announce Supreme Court nominee
Conservative and liberal interest groups are poised to spend tens of millions of dollars in advertising and grass-roots activity. Joe Manchin of West Virginia, Heidi Heitkamp of North Dakota, and Joe Donnelly of IN , all of whom face tough re-election bids.

The secret meaning of Meghan Markle's olive green royal christening outfit
Where will they visit in Ireland? Following the service at Westminster, a royal flypast took place over Buckingham Palace. Their visit to Dublin will include Croke Park, Trinity College, and the starvation memorial, Irish Mirror reports.

Riyad Mahrez completes Manchester City move
The 27-year-old winger joins the Premier League champions on a five-year deal after the two sides reached an agreement. They're redefining the English game and I wanted to be a part of it. "Watching them from afar has been a pleasure.

Hailey Baldwin 'grateful to God' after engagement to Justin Bieber
American entertainment site People quoted a source close to the couple as saying: "It's kind of a surprise, but kind of not". Their romance sizzled over the 2016 New Year's holiday when they vacationed in the Caribbean together.

Real's Ronaldo switches to Juve
For Real Madrid , Cristiano Ronaldo will always be one of the greatest symbols and a unique reference for generations to come. Madrid made it absolutely clear in their statement of the sale that it was Ronaldo's decision to leave-not theirs to sell.

Other news