US proposes $200B more in tariffs on Chinese imports

Dealing rooms were in sombre mood early

China responded with levies of its own, targeting $34 billion in USA products such as pork and whiskey.

The Trump administration on Tuesday announced a package of tariffs targeting Chinese exports valued roughly at $200 billion.

All told, Trump has threatened eventually to slap tariffs on up to $550 billion in Chinese imports - more than China actually exported to the United States past year - if Beijing won't relent to USA pressure and continues to retaliate.

The Trump administration has released a gargantuan list of Chinese goods that will be subject to tariffs, kicking a burgeoning trade war into high gear. He added the United States is ready to target an additional $200 billion, and then $300 billion more should Beijing retaliate.

It's a massive escalation of Trump's trade war with China. These tactics include the outright theft of trade secrets, government subsidies to homegrown tech firms and demands that US and other foreign companies hand over technology if they want access to China's vast market.

"Rather than address our legitimate concerns, China has begun to retaliate against United States products".

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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Lighthizer's office will hear public comments on the plan and will reach a decision after August 31, according to a senior administration official who briefed reporters on condition of anonymity.

Meh. What's $200 billion these days?

So far, Chinese officials have not backed off their promises to retaliate to any Trump tariff move.

"For many years, China has pursued abusive trading practices with regard to intellectual property and innovation", Mr. Lighthizer said in a statement Tuesday.

"American families are the ones being punished".

The President, who blames China and other developing countries for hollowing out the USA manufacturing sector, was elected in large part by promising to bring back factory jobs by going to war with trading partners.

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