dearJulius.com Write For Us

US finalizes next China tariff list targeting $16 billion in imports

SHARE:


Reuters


The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 imported product lines.

The action is the latest by U.S. President Donald Trump to put pressure on China to negotiate trade concessions after imposing tariffs on $34 billion in goods last month. China has vowed to retaliate to an equal degree.

The latest $16 billion list will hit semiconductors from China, even though many of the basic chips in these products originate from the United States, Taiwan or South Korea.

The 25 percent tariffs also will apply to a broad range of Chinese electronics, plastics, chemicals and railway equipment that the Office of the U.S. Trade Representative (USTR) has said benefit from the "Made in China 2025" industrial plan, aimed at making China competitive in high-technology industries.

The Semiconductor Industry Association expressed disappointment at USTR's decision to keep the sector on the tariff list.

[post_ads_2]"We have made the case to the administration, in the strongest possible terms, that tariffs imposed on semiconductors imported from China will hurt America’s chipmakers, not China’s, and will do nothing to stop China’s problematic and discriminatory trade practices," SIA President John Neuffer said in a statement.

USTR removed a handful of items from its original list after a 46-day public comment and review period found they would cause "severe economic harm."

These were intermodal shipping containers, floating docks, splitting and slicing machines used with wood, bone and hard plastics, extremely thin slicing tools known as microtomes, and alginic acid, derived from seaweed and used in pharmaceuticals, textile printing and dental impressions.

The latest list brings the total Chinese imports that face a 25 percent tariff to about $50 billion in a rapidly escalating trade war that could eventually slap duties on all goods traded between the world's two largest economies.

Trump has also threatened 25 percent tariffs on another $200 billion worth of Chinese goods, and possibly another $300 billion worth, in his administration's quest for changes to China's intellectual property, market access and industrial subsidy policies.

COMMENTS



Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.
Like & Follow to Stay Updated ...

Name

Afghanistan,4,Africa,1,Australia,2,Bangladesh,4,Belgium,1,Brazil,3,Britain,1,Canada,7,Caribbean,1,China,3,Colombia,1,Cuba,3,Czech Republic,1,Ecuador,1,England,1,Finland,1,France,9,Germany,7,Greece,1,India,123,Iran,13,Iraq,5,Ireland,1,Israel,18,Israeli,2,Italy,7,Japan,15,Korea,1,Lebanon,2,Libya,1,LONDON,2,Malaysia,5,Mexico,8,Myanmar,2,Netherlands,1,NEW YORK,1,Nicaragua,1,Nigeria,1,North America,1,North Korea,55,Pakistan,5,Palestine,1,Paris,2,PHILIPPINES,1,Poland,2,Russia,8,Saudi,1,Saudi Arabia,6,Singapore,6,Somalia,1,South Korea,19,Spain,4,Sri Lanka,1,Sudan,1,Switzerland,2,Syria,7,Taiwan,1,Thailand,5,Turkey,3,U.K.,6,U.S,43,U.S.,27,Ukraine,1,Venezuela,2,WASHINGTON,14,World,1256,Zimbabwe,1,
ltr
item
World - U.S. Daily News: US finalizes next China tariff list targeting $16 billion in imports
US finalizes next China tariff list targeting $16 billion in imports
https://1.bp.blogspot.com/-MrvCc4_1Q38/W2p3DbutYvI/AAAAAAAA33c/SYitTbre6NYL70fWXPmDKY6bg9ZxMaeYACLcBGAs/s1600/3.jpg
https://1.bp.blogspot.com/-MrvCc4_1Q38/W2p3DbutYvI/AAAAAAAA33c/SYitTbre6NYL70fWXPmDKY6bg9ZxMaeYACLcBGAs/s72-c/3.jpg
World - U.S. Daily News
https://world.dailynews.us.com/2018/08/us-finalizes-next-china-tariff-list.html
https://world.dailynews.us.com/
https://world.dailynews.us.com/
https://world.dailynews.us.com/2018/08/us-finalizes-next-china-tariff-list.html
true
3646882667462746973
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy