U.S. Is Preparing To Hammer China With $200 Billion More In Tariffs

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Wall Street Journal: U.S. Unveils Additional Tariffs on $200 Billion More in Chinese Imports

New levies follow last week’s initial round of duties on $34 billion in Chinese goods.

WASHINGTON—The White House said it would assess 10% tariffs on a further $200 billion in Chinese goods, deepening the dispute with Beijing, while sending a message to other trading partners that the U.S. won’t back away from trade fights.

The new round of tariffs—hitting products from fish to luggage—comes on top of two others and is bound to be met with threats of retaliation from Beijing, though U.S. Trade Representative Robert Lighthizer said he was open to talks with China about a resolution of the dispute.

“As in the past, the United States is willing to engage in efforts that could lead to a resolution of our concerns about China’s unfair trade practices and to China opening its market to U.S. goods and services,” he said in a statement.

Officials in both nations say there are currently no negotiations scheduled. Previous discussions between Treasury Secretary Steven Mnuchin and Chinese economic envoy Liu He didn’t come close to resolving the dispute.

Read more ….

WNU Editor: The Chinese have been given two months to respond, otherwise the U.S. will impose these new tariffs. My prediction …. and from what I have been hearing from my sourcs in China …. the Chinese do not think the U.S. will follow through with these new tariffs. I think this is a huge strategic mistake, and one that will be costly to both sides, but especially to the Chinese.

More News On Reports That The U.S. Is Preparing To Impose $200 Billion More In Tariffs On China

US proposes tariffs on $200 billion more in Chinese imports — AP
US prepares to impose new tariffs on additional $200B worth of Chinese goods — FOX News
Trade war: US lists next $200 bn Chinese goods to face tariffs — AFP
Trump administration threatens China with $200 billion in additional tariffs — USA Today
White House announces additional $200B in tariffs targeting China — The Hill
Trump launches new tariffs on China — CNN
US Announces Additional Tariffs on $200 Bln in Chinese Goods — Sputnik

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