Trump going ahead with taxes on $16B in Chinese imports

Cars to be exported are seen at a port in Lianyungang Jiangsu province China

The U.S. Trade Representative announced the widely expected 25 percent tariffs on $16 billion in Chinese imports on august 7, and Beijing immediately responded with tariffs on U.S. exports.

This list of imports, valued at about $16 billion, follows the first round of tariffs that went into effect July 6, representing some $34 billion of products. It represents the latest salvo in the ever-expanding trade war between the USA and China. This is the second tranche of such tariffs and comes into effect on August 23.

"Under the threat of tariffs, the U.S.is benching businesses and encouraging the Chinese to import goods from America's foreign competitors", Chandler said.

China buys nearly $18 billion a year worth of goods from Washington state every year.

After complaints by Chinese leaders, Trump agreed to reverse a USA enforcement action that would have caused ZTE, a prominent state-owned telecom company, to go out of business.

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For its part, China has threatened to ratchet up the tit-for-tat trade war by slapping tariffs on another $60bn of American imports.

Among the products removed from the earlier list on $16 billion of imports were shipping containers, including those used by freight companies.

The growth rate was the strongest in almost four years, and Trump said it was further proof his economic policies were working.

Mr Trump has said he would be willing to hit all of China's imports with duties. China has responded with a proposed $60 billion in tariffs on USA exports. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs. Washington farmers export more sweet cherries to China than any other country.

The trade balance between the two countries, which is at the center of the tariffs tussle, continued to be in favor of China. Big-ticket USA items that are still not on any list are crude oil and large aircraft. The move appears to wreck the nascent trade deal.

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Front page commentary published across all state newspapers by the official Xinhua news agency said: "Certain people go against the tide for their own private ends and go against morality; the barrier of tariffs wantonly rise, and the stick of hegemony is raised all around".

The US is now considering tariffs on another $200bn in goods, including consumer products that were spared duties in the initial $50bn round.

The fresh tariffs will apply to 279 items. This round had proposed a 10% tariff, though President Trump has successfully lobbied for this too to raise to 25%.

August 3: China announces that the country will impose tariffs of various rates on another $60 billion worth of USA goods if Trump moves forward with his latest threat.

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