The United States will begin collecting 25 percent tariffs on another US$16 billion in Chinese goods on August 23, the US Trade Representative’s office said on Tuesday as it published a final tariff list targeting 279 imported product lines, Reuters reports.
The 25 percent tariffs will apply to a broad range of Chinese electronics, plastics, chemicals and railway equipment that Washington claims will benefit from Beijing’s “Made in China 2025” industrial plan.
The latest US$16 billion list will hit also semiconductors from China.
The action is the latest by US President Donald Trump to put pressure on China to negotiate trade concessions after imposing tariffs on US$34 billion in goods last month, the report noted.
China has vowed to retaliate to an equal degree.
The Semiconductor Industry Association expressed disappointment at the decision of the Office of the U.S. Trade Representative (USTR) to keep the sector on the tariff list.
“We have made the case to the administration, in the strongest possible terms, that tariffs imposed on semiconductors imported from China will hurt America’s chipmakers, not China’s, and will do nothing to stop China’s problematic and discriminatory trade practices,” SIA President John Neuffer said in a statement.
USTR removed a handful of items from its original list after a 46-day public comment and review period found they would cause “severe economic harm.”
These included intermodal shipping containers, floating docks, splitting and slicing machines used with wood, and bone and hard plastics.
The latest list brings the total Chinese imports that face a 25 percent tariff to about US$50 billion in a rapidly escalating trade war.
Trump has also threatened 25 percent tariffs on another US$200 billion worth of Chinese goods, and possibly another US$300 billion worth, as his administration seeks changes to China’s intellectual property, market access and industrial subsidy policies.
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