Technology The US now plans tariffs on more than 6000 Chinese products worth $200 billion -- here's what's included

10:21  11 july  2018
10:21  11 july  2018 Source:   msn.com

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" Tariffs on $ 200 billion in Chinese products amounts to another multibillion-dollar tax on American businesses and families," said Scott Lincicome, a trade lawyer and senior policy analyst for the group Republicans Fighting Tariffs . "Given China ' s likelihood of retaliation, it' s also billions worth of new

WASHINGTON — The Trump administration escalated its trade dispute with China on Tuesday, saying it would impose tariffs on roughly $ 200 billion worth of Chinese fish, petroleum, chemicals, handbags, textiles and other products if China did not change its trade practices.

a car parked in a parking lot: (Photo by David Ramos / Getty Images)© Provided by Getty (Photo by David Ramos / Getty Images)

The Trump administration has fired the latest shot in the ongoing trade war with China, highlighting $200 billion worth of items that are eligible for a 10% tariff on products imported from China.

Perhaps not surprisingly, the list is massive, spanning 195 pages.

A number of product categories overlap with ones that were targeted in the first round of US tariffs on $34 billion worth of goods which went into effect last week.

But the new list is impressive in both detail and scope, categorised by an extensive list of sub-indexes which align with World Trade Organisation protocols.

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The Trump administration is readying tariffs on another $ 200 billion US in Chinese imports, ranging from burglar alarms to mackerel. 1st round of U . S . tariffs imposed 25% tariffs on B in Chinese products .

The Trump administration announced Tuesday plans to impose more hard-hitting tariffs on China , this time to the tune of hundreds of billions of dollars. The U . S . has decided to put a 10 percent tariff on Chinese products worth an estimated $ 200 billion , Reuters reports.

To start off with, there's a list of food and beverage products which runs for about 30 pages.

Then there's chemical products, electronics, and a huge list of fabrics. Next, there's metals and machinery items, before the list rounds out with a range of different furniture and antique products.

Here's a breakdown of the main items within each product category:

Food and beverage items: Seafood, dairy products, wheat and grain, nuts, dried fruits, fruit juices, mineral water, and beer and wine products.

Chemicals: Chemical-based products and concentrates which appear to comprise a vast number of elements in the periodic table.

Electronics: Various domestic electrical appliances, flashlights, lamps, ovens, microwaves, television and radio.

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“ Tariffs on $ 200 billion in Chinese products amounts to another multibillion-dollar tax on American businesses and families,” said Scott Lincicome, a trade lawyer and senior policy analyst for the group Republicans Fighting Tariffs . “Given China ’ s likelihood of retaliation, it’ s also billions worth of new

"Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong." He directed Trade Representative Robert Lighthizer to identify $ 200 billion worth of Chinese goods for additional 10% tariffs

Fabrics: Leather, travel bags, fur products, wool, cotton, synthetic fibres, textiles, woven and knitted products.

Metals and machinery: Precious metals, alloys, iron ore and steel products, copper, nickel, zinc, tin, interchangeable tools, combustion engines, air conditioning units, hyrdolic jacks, cranes and pipes.

Vehicles: Bikes, tractors, trailers, cars, car parts and vessels (boats).

Furniture and antiques: Chairs, seats, couches, mattresses, tables, paintings, original sculptures, and lastly, "antiques of an age exceeding one hundred years".

All figures are in U.S. dollars

US-China trade war elevates the risks to the global economy .
WASHINGTON - The trade war that erupted Friday between the U.S. and China carries a major risk of escalation that could weaken investment, depress spending, unsettle financial markets and slow the global economy. The opening shots were fired just after midnight, when the Trump administration imposed a 25 per cent tariff on $34 billion of imports from China, and Beijing promptly retaliated with duties on an equal amount of American products. It accused the U.S. of igniting "the biggest trade war in economic history.

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