Trump Announces New Taxes on TVs and Air Conditioners

Adjust Comment Print

The US has ramped up its trade war with China, outlining a list of $200bn (£150bn) worth of additional products it plans to place tariffs on.

Administration officials said a two-month process would allow the public to comment on the proposed tariffs before the list is finalised.

The new list would mark the latest escalation of the trade war between the world's two biggest economies.

On Friday, the US slapped 25 percent taxes on $34 billion in Chinese imports, a lot of them are industrial goods that the Trump administration says receive subsidies or other unfair support from Beijing. But China only bought about $135 billion in US goods previous year, meaning it will run out of American products to tax before it matches Trump's latest move.

"For many years, China has pursued abusive trading practices with regard to intellectual property and innovation", Mr. Lighthizer said in a statement on Tuesday. Beijing immediately retaliated with similar duties on USA exports.

President Donald Trump last month threatened additional tariffs against China if it retaliated.

More news: Duke and Duchess of Cambridge announce six godparents for Prince Louis
More news: Entire Wild Boar soccer team rescued from Thailand cave
More news: Late Bid From Chelsea Could Derail Jorginho Move To Manchester City

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

"Tariffs on $200 billion in Chinese products amounts to another multibillion-dollar tax on American businesses and families", said Scott Lincicome, a trade lawyer and senior policy analyst for the group Republicans Fighting Tariffs.

David Cohen, a political scientist at the University of Akron, said the pressure on Mr. Trump will mount as the economic pain spreads from affected companies to be more widely felt by consumers. "Unfortunately, China has not changed its behaviour".

"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, vice president of worldwide trade for the Retail Industry Leaders Association, said in a statement following news of the new round of duties.

Chinese officials also encouraged businesses to reduce their reliance on US goods, urging them to shift orders for products such as soybeans and automobiles to suppliers in China or countries other than the United States.

But China has rebuffed United States complaints and denied any harm was done to USA companies, and instead retaliated "without any global legal basis or justification", Lighthizer said.