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Published: Wed, July 11, 2018
Economy | By Melissa Porter

U.S. Poised to Publish $200 Billion China Tariff List

U.S. Poised to Publish $200 Billion China Tariff List

Last Friday, the US imposed 25 per cent tariffs on $34 billion in Chinese products, and Beijing responded by hitting the same amount of USA imports. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.

The additional USA tariffs, which will go through a two-month approval process including a public hearing, come after China retaliated in a tit-for-tat trade skirmish last week.

The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn't public.

Mr Trump said last week that the United States may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly equivalent to the value of all USA imports from China previous year.

This most recent maneuver follows a threat President Trump made last month, and comes days after the USA and China imposed tit-for-tat tariffs on more than $30 billion in goods.

"Although I have supported the administration's targeted efforts to combat China's technology transfer regime, tonight's announcement appears reckless and is not a targeted approach", Hatch said in a statement. China immediately retaliated with duties on the same value of US goods, including soybeans and cars.

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 will also result in retaliatory tariffs, further hurting American workers", a Chamber spokeswoman said.

Tne Trump administration has announced additional China tariffs, say insiders.

The U.S.is now considering levying duties on a further $16 billion in Chinese goods, after a public hearing later this month.

"The Trump administration is gambling that by wielding such a big club, it will force China to back down", said Edward Alden, a senior fellow at the Council on Foreign Relations.

The president of the European Union Chamber of Commerce in China, Mats Harborn, said Tuesday one of its members moved final assembly of goods for the American market from China to a newly created USA company. Chinese tactics, the administration said, include outright cybertheft and forcing United States companies to hand over technology in exchange for access to the Chinese market.

"For companies that are severely impacted, we suggest they report to local government departments", the Commerce Ministry said in a statement Monday.

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