Trump Preparing to Slap China with Another Round of Tariffs

By Samantha Kennedy, July 11, 2018

0 0

US President Donald Trump reportedly plans to raise the stakes in the US-China trade war by readying another round of tariffs on goods from China worth USD200 billion, according to CNN.

Released on July 10, the list of potentially affected products includes over 6,000 items ranging from food products to minerals and consumer goods.

Trump already imposed 25 percent tariffs on Chinese goods worth USD34 billion last week. China immediately responded by denying all accusations of unfair trade policies and imposing reciprocal 25 percent tariffs on US goods also worth USD34 billion.

Trump's tariffs are intended as punishment against China for "intellectual property theft." CNN reports that Trump initially threatened USD200 billion tariffs a month ago, instructing Trade Representative Robert Lighthizer to write up a list of goods to penalize if China retaliated.

Another wave of tariffs on Chinese goods worth USD16 billion is pending and is set to go into effect in less than two weeks. The tariffs announced Tuesday would be the third wave and would likely start after August 30. Trump has even threatened a fourth wave of tariffs, which could eventually result in duties on products worth up to USD500 billion (roughly equal to the total amount of imports from China to the US in 2017, according to Reuters).

[Cover image via Pexels]

more news

WIN! Tickets to Shop at China's First International Consumers Product Expo

Win tickets to go to China's first International Consumer Products Expo in Haikou.

The Tricky Business of Dating a Friend's Ex in China

DNC discusses tricky situations people find themselves in when they blur friendship lines with matters of the heart.

SinoUnited Health Brings International Medical Care to Hangzhou

SinoUnited Health Hangzhou Kerry Clinic is now open.

China Not Set to Ease International Travel Until Spring 2022?

Restrictions could be eased by spring next year if vaccination targets within China are met.

Register for the SinoUnited Health 2nd International Women’s Health Symposium

Improving Women's Health: Developments, Challenges and Opportunities.

International Students’ Quest to Return to China Amid Covid Crisis

China is typically home to just under 500,000 international students annually.

Catch the Hong Kong International Literary Festival Online

Enjoy 76 events featuring over 150 writers and speakers from around the world

Beijing Restarts 8 Direct International Flights

As life on the ground continues to get back to normal in China, life in the air is slowly taking off once again.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at thatsonline for events, guides, giveaways and much more!

7 Days in China With

Weekly updates to your email inbox every Wednesday


Download previous issues

Never miss an issue of That's Magazines!

Visit the archives