U.S. may list tariffs on $200 billion more Chinese products

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Beijing immediately retaliated with similar duties on USA exports. "We can not turn a blind eye to China's mercantilist trade practices, but this action falls short of a strategy that will give the administration negotiating leverage with China while maintaining the long-term health and prosperity of the American economy".

It also noted that the profits from reciprocal tariffs will mainly be used to minimize the damage to Chinese enterprises and their employees.

The Trump administration announced plans to levy tariffs on another $200 billion of Chinese goods as trade tensions escalate.

United States tariffs are the first stage in levies threatened by the Trump administration on a total of $450 billion worth of Chinese goods.

The US is planning to implement 25 per cent tariffs on a further $US16 billion worth of Chinese imports within the next fortnight. He added the U.S. is ready to target an additional $200 billion, and then $300 billion more should Beijing retaliate.

The administration says its tariffs are created to punish China for what it calls unfair trade practices, theft of intellectual property, and "forced technology transfers". Orrin Hatch, R-Utah, chair of the Senate Finance committee.

"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.

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Trump authorized an initial $50 billion in tariffs - including the $34 billion that took effect Friday - to match those losses.

"They were the ones who started everything by hurting us", the official said.

More than 6,031 product lines are affected by the proposed tariffs, including seafood, fruits and vegetables, grains, tobacco, vehicle rearview mirrors and burglar alarms.

"Consumers, businesses and the American jobs dependent on trade, are left in the crosshairs of an escalating global trade war", said Hun Quach, the head of worldwide trade policy for the group.

Beijing, meanwhile, has unveiled measures to help Chinese companies absorb the USA trade blows, pledging to funnel money collected from its own import levies to firms and workers tangled in the escalating trade war.

The U.S. Chamber of Commerce, which has supported Mr Trump's tax cuts and efforts to reduce regulation of businesses, also criticised the administration's move.

It said Corning was among the companies that would be affected by the higher duties. "Unfortunately, China has not changed its behavior - behavior that puts the future of the US economy at risk". "Moreover, they will blame any economic troubles on Trump and the United States".

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