Trump administration announces $US200 billion in extra China tariffs

The Latest: China raises tariffs on optical fiber materials

The Latest: China raises tariffs on optical fiber materials

Last Friday, the US imposed 25 per cent tariffs on $34 billion in Chinese products, and Beijing responded by hitting the same amount of USA imports.

"Trump's escalation of trade hostilities makes it increasingly hard to envision an exit path from an all-out trade war".

The administration released a wide-ranging list of Chinese goods it proposes be hit with tariffs, including hundreds of food products as well as tobacco, coal, chemicals and tires, dog and cat food, and consumer electronics including television components. Another source who is familiar with the situation confirmed the Bloomberg report to Reuters.

The United States and China launched what Beijing called the "biggest trade war in economic history" Friday, July 6, imposing tariffs on billions of dollars of each other's goods amid a spiraling dispute over technology.

A business group says European companies that export from China are changing the global flow of their goods to avoid higher American tariffs in a sign of the spreading impact of the U.S.

Senate Finance Committee Chairman Orrin Hatch, R-Utah, responded to Lighthizer's announcement with dismay.

The American president told reporters that tariffs on an additional $16 billion in Chinese goods are set to take effect in two weeks.

"We encourage companies to optimize the structure of imports, increase imports of soybean, agricultural products, as well as seafood and cars from other countries and regions", said the ministry, explaining that the measures are aimed at mitigating the effects of the trade war with the United States.

Beijing has vowed to respond in kind to any USA trade action.

Trump has been considering tariffs against China since his officials concluded in March that Beijing violates USA intellectual-property rights, such as by forcing American firms to hand over technology. USA officials insist China's retaliatory tariffs are unjustified. Since then, the president has said his administration could impose duties on virtually all Chinese imports into the US. But Trump hasn't backed down, arguing that China's unfair trading practices are hurting American workers.

The U.S. Chamber of Commerce, which has supported Mr Trump's tax cuts and efforts to reduce regulation of businesses, also criticised the administration's move.

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