In Brief

How will China respond to Donald Trump’s new tariffs?

$16 billion in Chinese imports to be hit with 25% tariff in two weeks

The Trump administration has announced a further round of tariffs on Chinese imports, escalating a mounting trade war that has raised concerns among US businesses that the cost of goods for American consumers is set to rise.

According to the US Trade Representative’s Office (USTR), a total of 279 Chinese products will attract tariffs, down from an initial list of 284 products that was published on 15 June.

CNBC reports that the latest list “brings to about $50 billion in goods that now face a 25% tariff”, noting that “semiconductors, among the largest categories, remained on the list”.

Bloomberg reports that the $50 billion total could increase soon, with the USTR “reviewing 10% tariffs on a further $200 billion in Chinese imports, and is even considering raising the rate to 25%”, which may come into effect on 6 September.

The move comes despite vows from China that it will impose tit-for-tat tariffs on US products, including meat, coffee and automobile parts, and complaints from Beijing accusing the US of “trade blackmail”.

“In violation of the bilateral consensus reached after multiple rounds of negotiations, the United States has again unilaterally escalated trade frictions,” the Chinese State Council Tariff Commission said in a statement.

The announcement comes after Donald Trump took several swipes at China over the weekend, including telling a rally that he holds the advantage over China, and that playing hardball on trade is “my thing”.

“Tariffs are working big time. Every country on Earth wants to take wealth out of the US, always to our detriment. I say, as they come, tax them, If they don’t want to be taxed, let them make or build the product in the US. In either event, it means jobs and great wealth,” Trump said.

Recommended

Billionaires in space: essential innovation or ‘costly vanity project’?
Blue Origin’s New Shepard crew posing after flying into space
In Focus

Billionaires in space: essential innovation or ‘costly vanity project’?

Food inflation: a headache for CEOs and consumers alike
Commodity prices are squeezing profit margins
Why we’re talking about . . .

Food inflation: a headache for CEOs and consumers alike

New books depict Trump ‘consumed by personal hatred’
Donald Trump on stage
In Brief

New books depict Trump ‘consumed by personal hatred’

China General Nuclear: banned from Britain?
David Cameron and Xi Jinping
In Focus

China General Nuclear: banned from Britain?

Popular articles

Does the Tokyo Olympics branding amount to cultural appropriation?
BBC Tokyo Olympics trailer
Expert’s view

Does the Tokyo Olympics branding amount to cultural appropriation?

High jumping for joy: an iconic act of sportsmanship in Tokyo
Mutaz Essa Barshim and Gianmarco Tamberi
Why we’re talking about . . .

High jumping for joy: an iconic act of sportsmanship in Tokyo

World’s most extreme weather events in 2021
Wildfire in Greece
In pictures

World’s most extreme weather events in 2021

The Week Footer Banner