U.S. Threatens More Tariffs on $200Bn of Chinese Goods, From Tilapia to Handbags

The Trump administration escalated its trade dispute with China on Tuesday, saying it would impose tariffs on roughly $200bn worth of Chinese fish, petroleum, chemicals, handbags, textiles and other products if Beijing does not change its trade practices.

The threat comes just days after President Trump imposed levies on $34bn worth of Chinese goods, including robotics, airplane parts and ball bearings. Trump has said he is prepared to tax as much as $450bn worth of Chinese products.

On Tuesday, his administration detailed the next list of products that would face Trump’s wrath unless Beijing folds to Washington’s demands. The White House is pushing China to reduce its trade surplus with the United States, halt intellectual property theft and open its markets to American companies.

Neither side appears eager to blink first. China has responded to Trump’s initial tariffs with its own equal amount of levies on American goods like pork, steel, cars and fiber optic cable and has said that it is prepared to continue retaliating.

With no official discussions scheduled to settle the trade dispute, it is unclear how or when the differences get resolved. A senior White House official said on Tuesday evening that the administration welcomed China’s engagement and had been “extremely clear” with China about its concerns over its trade practices, but that China had been “nonresponsive.” The official said that the process of imposing tariffs on the new list of goods would take roughly two months, with a public hearing on the tariffs scheduled for Aug. 20 through Aug 23.

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The threat comes just days after President Trump imposed levies on $34bn worth of Chinese goods, including robotics, airplane parts and ball bearings. Trump has said he is prepared to tax as much as $450bn worth of Chinese products.

On Tuesday, his administration detailed the next list of products that would face Trump’s wrath unless Beijing folds to Washington’s demands. The White House is pushing China to reduce its trade surplus with the United States, halt intellectual property theft and open its markets to American companies.

Neither side appears eager to blink first. China has responded to Trump’s initial tariffs with its own equal amount of levies on American goods like pork, steel, cars and fiber optic cable and has said that it is prepared to continue retaliating.

With no official discussions scheduled to settle the trade dispute, it is unclear how or when the differences get resolved. A senior White House official said on Tuesday evening that the administration welcomed China’s engagement and had been “extremely clear” with China about its concerns over its trade practices, but that China had been “nonresponsive.” The official said that the process of imposing tariffs on the new list of goods would take roughly two months, with a public hearing on the tariffs scheduled for Aug. 20 through Aug 23.

Read full article