USA proposes $200B more in tariffs on Chinese imports
USA proposes $200B more in tariffs on Chinese imports
What Is the Endgame for the Trump Trade Wars?
11 July, 2018, 08:10
But Trump has said continuously that China has taken advantage of the USA economy, and he has vowed to hit almost all the country's products with tariffs, as much as $450 billion.
The tariffs could take effect after public consultations end on August 30, according to a statement from the US Trade Representative's office Tuesday.
The move would be the latest in the escalating trade skirmish between the world's two biggest economies.
The United States Trade Representative (USTR) has announced plans for further tariffs as an additional action to the existing 301 case relating to alleged Chinese theft of US intellectual property. But the new tariffs will not be imposed until the end of a two-month public comment period. Rather than address our legitimate concerns, China has begun to retaliate against US products.
In a statement, U.S. Trade Representative Robert Lighthizer said that the new 10-percent tariffs were in response to what he called China's "retaliation and failure to change its practices".
The trade confrontation between Washington and Beijing has been escalating for months, despite Trump's repeated statements that he has a good relationship with China's President Xi Jinping.
This most recent maneuver follows a threat President Trump made last month, and comes days after the USA and China imposed tit-for-tat tariffs on more than $30 billion in goods.
The president has repeatedly described his resort to tariffs - which are paid by American importers - as a lever to extract negotiating concessions from USA trading partners. But Trump hasn't backed down, arguing that China's unfair trading practices are hurting American workers.
On this path, the U.S. government would then nearly surely retaliate in response, raising the stakes immediately to $450 billion in imports of Chinese goods under tariff. China has vowed to retaliate dollar-for-dollar to any further US tariffs.
"Unfortunately, China has not changed its behaviour - behaviour that puts the future of the USA economy at risk".
The U.S. Chamber of Commerce has supported Trump's domestic tax cuts and efforts to reduce regulation of businesses, but it has been critical of Trump's aggressive tariff policies.
Up until now, only a few companies, including Harley-Davidson Inc. and Brown-Forman Corp., have publicly said the tariffs will affect their businesses, as most United States retailers and consumer brands were spared in the first round of tariffs on Chinese imports.
Beijing has called on Chinese firms to substitute American imports with those from other countries in response to USA trade tariffs.
Another and perhaps more worrying concern was that oxygen levels in the complex were falling close to risky levels. Osatanakorn said officials did not want to waste time because of intensifying rain that could halt rescue efforts.
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Another was the Salvation Army , which in the past, held charitable events at both The Breakers and Mar-a-Lago. This year's postings show Trump's club wants to hire one more foreign cook than last year.
Trump has threatened to hit back with vehicle tariffs of 20%, which would be highly damaging for the German auto industry. Previously, the White House had limited tariffs to an additional $200 billion of imports from China .
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The boy are likely to watch the match on television, she said. "Congratulations to an outstanding rescue team", said Musk. They also said that the rescued boys will need counselling to overcome the psychological trauma.
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