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US releases $200bn list of Chinese products for possible new tariffs

10-7-2018 < RT 88 291 words
 

Accusing China of not negotiating “seriously” on trade, the Trump administration has released a list of products wants to impose a ten percent tariff on, amounting to $200 billion. The new tariffs would kick in within 60 days.


The 200-page document released on Tuesday by the US Trade Representative’s office gives notice to those who wish to comment on the proposal and lists hundreds of products that would be subjected to the new tariffs.


The Trump administration intends to impose a ten percent duty on the products listed, Reuters reported citing US Trade Representative Robert Lighthizer.


The Retail Industry Leaders Association (RILA) was quick to condemn the proposal, saying it will punish American consumers.


“The President has broken his promise to bring ‘maximum pain on China, minimum pain on consumers,’ and American families are the ones being punished,” Hun Quach, RILA VP of international trade, said in a statement. “Consumers, businesses and the American jobs dependent on trade, are left in the crosshairs of an escalating global trade war.”


The Senate intends to vote on Wednesday on a nonbinding measure that would insert provisions requiring Congressional approval of tariffs into water and energy “minibus” spending bills, Senator Jeff Flake (R-Arizona) told Bloomberg.


US tariffs of 25 percent on $34 billion of Chinese imports went into effect on July 6. Beijing has retaliated with duties on the same value of US imports, ranging from soybeans to cars, and has vowed to respond proportionally to any new US tariffs.


Last week, President Donald Trump said the US might ultimately impose tariffs on more than $500 billion worth of Chinese goods, almost the total amount of US imports from China last year


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