USA proposes $200B more in tariffs on Chinese imports

USA proposes $200B more in tariffs on Chinese imports

USA proposes $200B more in tariffs on Chinese imports

China has stepped up action against some US goods by announcing anti-dumping duties on raw materials used in making optical fibers.

Harborn said other European companies are "scrambling to readjust supply chains" so that goods bound for the United States don't pass through China.

It also noted that the profits from reciprocal tariffs will mainly be used to minimize the damage to Chinese enterprises and their employees.

The Trump administration announced Tuesday that it has started the process of implementing fresh tariffs on $200 billion worth of imported Chinese goods.

Just after midnight on July 6, the United States began collecting 25 percent tariffs on $34 billion in imports from China. He added the U.S. is ready to target an additional $200 billion, and then $300 billion more should Beijing retaliate.

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Mr 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. Orrin Hatch, R-Utah, chair of the Senate Finance committee. But Trump hasn't backed down, arguing that China's unfair trading practices are hurting American workers.

Trump authorized an initial $50 billion in tariffs - including the $34 billion that took effect Friday - to match those losses. "There is no justification for such action", he said in a statement.

The senior administration official blamed China for the intensifying commercial conflict between two nations that account for roughly 40 percent of the global economy.

"We share the concerns expressed by the American side", he said.

The tariffs could take effect after public consultations end on August 30, according to a statement from the US Trade Representative's office Tuesday.

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The move would be the latest in the escalating trade skirmish between the world's two biggest economies. "This new round of proposed tariffs takes the fight onto yet another level from which it is going to be hard for either side to make a graceful retreat", said Eswar Prasad, former head of the International Monetary Fund's China division.

Administration officials said they hoped the measures would convince the Chinese government to increase market access for U.S. companies and address allegations of the theft of intellectual property.

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. "Unfortunately, China has not changed its behavior - behavior that puts the future of the US economy at risk".

The Washington Post's Danielle Paquette reported from Beijing.

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