U.S. to impose 25% tariffs on additional $16 billion of Chinese goods
- 6 years ago
It's the latest salvo in their tit-for-tat trade battle.
The United States has announced it will impose 25 percent tariffs on another 16 billion U.S. dollar's worth of Chinese imports, starting in two weeks.
Our Ko Roon-hee reports.
The United States has stepped up its trade war with China… by announcing a new round of tariffs.
According to the U.S. Trade Representative's office on Tuesday…16-billion worth of Chinese imports will be subject to 25 percent tariffs starting August 23rd.
The office said the move is part of the U.S. response to China's unfair trade practices related to the forced transfer of American technology and intellectual property.
The fresh tariffs will apply to 279 items.
The new list covers products such as semiconductors, electronics, plastics, and railway equipment.
Some U.S. industries have expressed disappointment at Tuesday's decision.
The Semiconductor Industry Association said in a statement that tariffs imposed on semiconductors imported from China will hurt American chipmakers rather than Chinese firms.
The escalating trade conflict between the world's two largest economies…has seen the two sides impose tariffs on 34-billion dollars worth of each other's goods.
They appear far from a resolution... and according to U.S. local news outlets, the USTR is reviewing the 10 percent tariffs on a further 200-billion U.S. dollars of Chinese imports…and is considering raising the rate to 25 percent.
Ko Roon-hee, Arirang News.
The United States has announced it will impose 25 percent tariffs on another 16 billion U.S. dollar's worth of Chinese imports, starting in two weeks.
Our Ko Roon-hee reports.
The United States has stepped up its trade war with China… by announcing a new round of tariffs.
According to the U.S. Trade Representative's office on Tuesday…16-billion worth of Chinese imports will be subject to 25 percent tariffs starting August 23rd.
The office said the move is part of the U.S. response to China's unfair trade practices related to the forced transfer of American technology and intellectual property.
The fresh tariffs will apply to 279 items.
The new list covers products such as semiconductors, electronics, plastics, and railway equipment.
Some U.S. industries have expressed disappointment at Tuesday's decision.
The Semiconductor Industry Association said in a statement that tariffs imposed on semiconductors imported from China will hurt American chipmakers rather than Chinese firms.
The escalating trade conflict between the world's two largest economies…has seen the two sides impose tariffs on 34-billion dollars worth of each other's goods.
They appear far from a resolution... and according to U.S. local news outlets, the USTR is reviewing the 10 percent tariffs on a further 200-billion U.S. dollars of Chinese imports…and is considering raising the rate to 25 percent.
Ko Roon-hee, Arirang News.