U.S. Soybean Vessel Was Loaded for China Just Before Duties

11 Juillet, 2018, 02:36 | Auteur: Auguste Feret
  • U.S. Soybean Vessel Was Loaded for China Just Before Duties

The U.S. imposed an initial round of 25% tariffs, applying to $34 billion in imports, as part of a $50 billion tariff plan.

The list includes agricultural products, minerals and consumer goods such as handbags, among other items.

The United States has chose to impose tariffs on $200 billion worth of imports from China after efforts to negotiate a solution to the trade dispute failed to reach an agreement, senior administration officials said on Tuesday.

"For over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition", U.S. Trade Representative Robert Lighthizer said in an emailed statement. Rather than address our legitimate concerns, China has begun to retaliate against US products. These tactics include the outright theft of trade secrets, government subsidies to homegrown tech firms and demands that US and other foreign companies hand over technology if they want access to China's vast market.

Trump said last week the United States may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly the total amount of USA imports from China previous year.

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Ivanka's products remain untouched by these tariffs and the fashion line is continuing to work with and create order contracts for Chinese shoe suppliers, such as Chengdu Kameido Shoes and Hangzhou HS Fashion.

The official said the decision was not final and that the list of Chinese goods would not become final until after the public had a chance to comment.

President Donald Trump last month threatened additional tariffs against China if it retaliated.

"The Trump administration is gambling that by wielding such a big club, it will force China to back down", said Edward Alden, a senior fellow at the Council on Foreign Relations.

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