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

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

US President Donald Trump is likely to publish this week a list of $200 billion in additional Chinese products to be hit with tariffs, possibly as early as later on Tuesday, an administration official said.

The move marked the latest escalation of the ongoing trade war between Washington and Beijing.

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

Companies are "scrambling to readjust supply chains" so goods bound for the United States don't pass through China, Harborn said at a news conference. China immediately retaliated with duties on the same value of USA goods, including soybeans and cars.

The move comes just days after the USA and China imposed tit-for-tat tariffs of $34bn on the other countries' goods.

Trump has been considering tariffs against China since his officials concluded in March that Beijing violates US intellectual-property rights, such as by forcing American firms to hand over technology.


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.

"The Trump administration is gambling that by wielding such a big club, it will force China to back down", said Edward Alden, a senior fellow at the Council on Foreign Relations.

"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.

The press offices for the U.S. Trade Representative's office and White House didn't immediately comment when Bloomberg News contacted them.

Beijing, meanwhile, has unveiled measures to help Chinese companies absorb the USA trade blows, pledging to funnel money collected from its own import levies to firms and workers tangled in the escalating trade war. "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".

"For companies that are severely impacted, we suggest they report to local government departments", the Commerce Ministry said in a statement Monday.

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