Trump slaps 25 per cent tariffs on ANOTHER $16 billion in Chinese imports

Trump ratchets up trade war with 25 per cent tariffs on ANOTHER $16 billion in Chinese imports

The Trump administration said Tuesday that it will soon impose 25 per cent tariffs on $16 billion in Chinese imports, dramatically expanding the White House’s trade war.

The Office of the U.S. Trade Representative said in a statement that on August 23 customs officials will begin collecting the border taxes on a list of 279 products.

The list of affected imports is heavy on industrial imports like steam turbines and iron girders, and also includes semiconductors.

President Donald Trump has defended his use of tariffs that have inflamed tensions with China and Europe, and he upped the ante again Tuesday on Beijing 

Trump and his trade rep, Andy Lighthizer, slapped 25 per cent tariffs on $34 billion in Chinese products just one month ago.

China retaliated with its own tranche of anti-U.S. tariffs.

The larger battle to come could see Trump levying similar tariffs on a massive portion of China’s sales into the United States, up to an additional $200 billion in products.

Lighthizer’s office said Tuesday that its list of 284 proposed tariff targets published June 15 was pared down only by five.

Trump and Chinese President Xi Jinping have gone from buddies to adversaries as their oscillating tit-for-tat trade war deepens

Trump and Chinese President Xi Jinping have gone from buddies to adversaries as their oscillating tit-for-tat trade war deepens

Trump has been openly hostile to China’s attitudes toward intellectual property and its policy of subsidizing some industries in order to squeeze other nations out of global markets.

The administration also has charged Beijing with engaging in commercial cyber warfare and theft whose goal is to unseat the U.S. as the world’s preeminent technological superpower.

 

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