United States sets date for additional $16bn in tariffs on China products

Sean Reid
August 10, 2018

The Trump administration has finalized a new round of 25 percent tariffs on an additional $16 billion in Chinese imports.

A first tranche, on $34bn worth of goods, went into effect in July.

Front page commentary published across all state newspapers by the official Xinhua news agency said: "Certain people go against the tide for their own private ends and go against morality; the barrier of tariffs wantonly rise, and the stick of hegemony is raised all around".

March 22:Trump announces plans to hit$50 billion worth of Chinese goods with a 25% tariff.China announces tariffsin retaliation to the steel and aluminum duties and promises a response to the latest USA announcement.


China has, in recent years, become a key export market for growing USA energy exports. The latest round of American and Chinese tariffs, which bring the running total of targeted goods to $50 billion on each side, are set to take effect August 23.

Representatives for the White House, the U.S. Trade Representative and the U.S. Department of Commerce did not immediately reply to requests for comment. See the list of the 279 products affected online.

Trump administration efforts to force China into concessions also have been complicated by the falling yuan, which has lost more than 8 percent of its value against the dollar since April.

"This is a very unreasonable practice", the Chinese commerce ministry said of the US action on Wednesday as it rolled out China's counter-tariffs.


The latest charge comes after the US said it would implement another round of tariffs on $16 billion worth of Chinese goods. Chinese imports of US crude oil in May, for example, averaged 427,000 bpd, more than any other destination and surpassing Canada's 289,000 bpd imports, EIA data shows.

Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington, said he expected that there would be little to stop further escalation of the U.S.

"There are only two hard outcomes so far and China's winning 2-0", Moon said. Chinese imports of goods and services into the United States previous year amounted to almost $524 billion.

China's exports to the United States rose 13.3 percent in the first seven months of 2018 from a year earlier, compared with a 13.5 percent rise in Jan-June. Schneider National Carriers Inc. and other firms testified during a hearing July 24-25 in Washington that there are no United States manufacturers and that the containers are nearly exclusively made in China.


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