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World U.S. Poised to Publish $200 Billion China Tariff List

01:55  11 july  2018
01:55  11 july  2018 Source:   bloomberg.com

Largest US business group attacks Trump on tariffs

  Largest US business group attacks Trump on tariffs <p>The U.S. Chamber of Commerce, the nation's largest business group and customarily a close ally of President Donald Trump's Republican Party, is launching a campaign on Monday to oppose Trump's trade tariff policies.</p>With some of America's tightest trading partners imposing retaliatory measures, Trump's approach to tariffs has unsettled financial markets and strained relations between the White House and the Chamber.

President Donald Trump is preparing to release a list of an additional $ 200 billion in Chinese products to be hit with tariffs , according to two people familiar with the matter. The list could be released as soon as Tuesday, and likely this week, according to the people

President Donald Trump is preparing to release a list of an additional $ 200 billion in Chinese products to be hit with tariffs , according to two people familiar with the matter. The list could be released as soon as Tuesday, and likely this week, according to the people

(Bloomberg) -- President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter.

The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn’t public. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.

Stock futures fell and yields on 10-year Treasuries declined on concern of a widening trade war.

a screenshot of a cell phone © Bloomberg   

The Trump administration on July 6 imposed 25 percent duties on $34 billion in Chinese imports, the first time the president has implemented tariffs directly on Beijing after threatening to do so for months. China immediately retaliated with duties on the same value of U.S. goods, including soybeans and cars.

Trump says China could face more than $500 billion in US tariffs

  Trump says China could face more than $500 billion in US tariffs Trump says China could face more than $500 billion in US tariffs|| 105253826First “34, and then you have another 16 in two weeks and then as you know we have 200 billion in abeyance and then after the 200 billion we have 300 billion in abeyance. Ok? So we have 50 plus 200 plus almost 300," Trump said.

The publication of the list starts a weeks-long process that includes a public-comment period and hearings. Related Stories. U . S . Poised to Publish $ 200 Billion China Tariff List From bloombergquint.com | 22 min ago.

(Reuters) – U . S . President Donald Trump is preparing to publish a list of an additional $ 200 billion (£150.6 billion ) Trump last week said the United States may ultimately impose tariffs on more than 0 billion worth of Chinese goods – roughly the total amount of U . S . imports from China last year.

The U.S. is currently considering levying duties on a further $16 billion in Chinese goods, after a public hearing later this month. China has vowed to retaliate dollar-for-dollar to any further U.S. tariffs.

The new list would mark the latest escalation of the trade war between the world’s two biggest economies. Financial markets have so far shrugged off the first round of tariffs, which were long-telegraphed, with U.S. stocks up since Friday.

The press offices for the U.S. Trade Representative’s office and White House didn’t immediately comment when Bloomberg News contacted them.

Broad Upswing

The International Monetary Fund has warned that a full-blown trade war could undermine the broadest global upswing in years.

Trump last month asked the U.S. Trade Representative’s office to identify $200 billion of Chinese goods that could be hit with 10 percent tariffs. Since then, the president has said his administration could impose duties on virtually all Chinese imports into the U.S.

Industry would be given time to comment on any new levies before they take effect.

Trump has been considering tariffs against China since his officials concluded in March that Beijing violates U.S. intellectual-property rights, such as by forcing American firms to hand over technology.

--With assistance from Justin Sink and Randall Woods.


©2018 Bloomberg L.P.

Trump says he's 'ready' to put tariffs on all $505 billion of Chinese goods imported to the US .
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise. "I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview.The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared to the $129.9 billion the U.S. exported to China, according to Census Bureau data.Thus far in the burgeoning trade war, the U.S. has slapped tariffs on just $34 billion of Chinese products, which China met with retaliatory duties.

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