US targets $300bn Chinese goods for new tariff hikes

0
65


 

US targets $300bn China goods for tariff hikes

U.S. officials are targeting a $300 billion list of additional Chinese imports including laptop computers for tariff hikes, ratcheting up a trade fight that is shaking financial markets and fueling fears about global economic growth.

The release followed Beijing’s announcement Monday of tariffs of up to 25% on $60 billion of American imports in their spiraling dispute over Chinese technology ambitions and other irritants.

The list of 3,805 product categories is a step toward carrying out President Donald Trump’s May 5 threat to extend punitive 25% duties to all Chinese imports, the U.S. Trade Representative announced. It said a June 17 hearing would be held before Washington decides how to proceed.

The list “covers essentially all products” not already affected by punitive tariffs, the USTR said.

It includes laptop computers, saw blades, turbine parts, tuna and garlic. The USTR noted it excludes pharmaceuticals and…



Source: News Agency of Nigeria