For over a year, the Trump administration has patiently
The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 per cent tariffs on an extra USD 200 billion worth of Chinese imports.Although it was not a direct reaction to the new move from Trump&Rubber Products Suppliers39;s administration, the official English-language newspaper China Daily said in an editorial that Beijing had to stand up to Washington.US officials released a list of thousands of Chinese imports the administration wants to hit with the tariffs, including hundreds of food products as well as tobacco, chemicals, coal, steel and aluminium.There was no immediate reaction from the Chinese government.
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 international trade policy for the group. It has to resolutely fight back while taking proper measures to help minimize the غير مجاز مي باشدt to domestic enterprises and further open up its economy to global investors," it said. There is no justification for such action," he said in a statement."Rather than address our legitimate concerns, China has begun to retaliate against US products ."China has no option but to fight fire with fire.'""American families are the ones being punished.
It will also result in retaliatory tariffs, further hurting American workers," a Chamber spokeswoman said..President Donald Trump has said he may ultimately impose tariffs on more than USD 500 billion worth of Chinese goods - roughly the total amount of US imports from China last year.."The US Chamber of Commerce has supported Trump's domestic tax cuts and efforts to reduce regulation of businesses, but it has been critical of Trump's aggressive tariff policies.Investors fear an escalating trade war between the world's two biggest economies could hit global growth. Last week, Washington imposed 25 per cent tariffs on USD 34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of US exports to China.It also includes consumer goods ranging from car tyres, furniture, wood products, handbags and suitcases, to dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products.The Retail Industry Leaders Association, a lobby group representing the largest US retailers, said: "The president has broken his promise to bring 'maximum pain on China, minimum pain on consumers.Last week, # Washington imposed 25 per cent tariffs on USD 34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of US exports to China.'Tariffs Are Taxes'Senate Finance Committee Chairman Orrin Hatch, a senior member of Trump's Republican Party, said the announcement "appears reckless and is not a targeted approach.
"For over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition," US Trade Representative Robert Lighthizer said in announcing the proposed tariffs. Imposing taxes on another USD 200 billion worth of products will raise the غير مجاز مي باشدts of every day goods for American families, farmers, ranchers, workers, and job creators.The tariffs will not be imposed until after a two-month period of public comment on the proposed list, but some US business groups and senior lawmakers were quick to criticize the move
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