China to levy additional tariffs on $16B value of U.S. goods

China is commanding additional tariffs of 25 per cent on $16 billion US value of U.S. imports from fuel and steel products to autos and medical equipment, a Chinese commerce method said, as a world’s largest economies escalated their trade dispute.

The tariffs will be activated on Aug. 23, a method said, a same day that a United States skeleton to start collecting 25 per cent additional in tariffs on $16 billion US in Chinese goods.

The United States published a final list of products theme to a new tariffs on Tuesday.

China’s final list announced on Wednesday differs from an progressing breeze it published in June, that enclosed wanton oil. The series of categories of products theme to tariffs rose to 333 from 114 in a Jun draft, nonetheless a sum value is unchanged.

The U.S. movement that stirred a Chinese plea was a latest by President Donald Trump to put vigour on China to negotiate trade concessions, after Washington imposed tariffs on $34 billion US in products final month. China has vowed to retort with homogeneous tariffs opposite any U.S. action.

“This is a really irrational practice,” a Chinese commerce method pronounced of a U.S. movement on Wednesday as it rolled out China’s counter-tariffs.

Representatives for a White House, a U.S. Trade Representative and a U.S. Department of Commerce did not immediately respond to requests for comment.

Article source: https://www.cbc.ca/news/business/china-united-states-tariffs-1.4777520?cmp=rss