US President Donald Trump is likely to publish this week a list of $200 billion in additional Chinese products to be hit with tariffs, possibly as early as later on Tuesday, an administration official said.
The administration will consult on the list over the summer, and make a final decision on tariffs after August 30, said a senior official.
The move marked the latest escalation of the ongoing trade war between Washington and Beijing. The American president told reporters that tariffs on an additional $16 billion in Chinese goods are set to take effect in two weeks. Another source who is familiar with the situation confirmed the Bloomberg report to Reuters.
The Trump administration is readying tariffs on another $200 billion United States in Chinese imports, ranging from burglar alarms to mackerel.
"Rather than address our legitimate concerns, China has begun to retaliate against USA products".
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The U.S. complains that China uses predatory practices, including outright cybertheft, in a push to challenge American technological dominance. "Rather than address our legitimate concerns, China has begun to retaliate against USA products".
Harborn said other European companies are "scrambling to readjust supply chains" so that goods bound for the United States don't pass through China.
Senate Finance Committee Chairman Orrin Hatch, R-Utah, responded to Lighthizer's announcement with dismay. Imposing taxes on another $200 billion worth of products will raise the costs of every day goods for American families, farmers, ranchers, workers, and job creators. That second round will be derived from a list already released by the US Trade Representative.
Chinese officials are expected to retaliate in other ways, hitting US firms in China with unplanned inspections, delays in approving financial transactions and other administrative headaches.
The tariffs could take effect after public consultations end on August 30, according to a statement from the U.S. Trade Representative's office Tuesday.