U.S. Poised to Publish $200 Billion China Tariff List

The move is the latest step in the trade war between the world's two largest economies

The move is the latest step in the trade war between the world's two largest economies

US Trade Representative Robert Lighthizer said there was "no justification" for China's retaliation. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.

The move escalates the trade war between the world's two largest economies.

The tariff list could be released as soon as Tuesday, and likely this week, the report said.

The Trump administration's 25 percent tariffs on $34 billion of medical equipment, electronics and other goods from China, imposed in a dispute over technology policy, apply to exports made by U.S. or European companies as well as Chinese suppliers. "This action falls short of a strategy that will give the administration negotiating leverage with China while maintaining the long-term health and prosperity of the American economy".

According to the Ministry of Commerce, China considered the substitution of imports and the overall impact on trade and investment while making up a list of United States goods hit by import duties. "It will also result in retaliatory tariffs, further hurting American workers", a Chamber spokeswoman said.

On Friday, the US slapped 25 percent taxes on $34 billion in Chinese imports, a lot of them are industrial goods that the Trump administration says receive subsidies or other unfair support from Beijing.

On Tuesday, the Office of the US Trade Representative proposed 10 percent tariffs on a list of 6,031 Chinese product lines.

The US is planning to implement 25 per cent tariffs on a further $US16 billion worth of Chinese imports within the next fortnight. "We can not turn a blind eye to China's mercantilist trade practices, but this action falls short of a strategy that will give the administration negotiating leverage with China while maintaining the long-term health and prosperity of the American economy".

Administration officials said they hoped the measures would convince the Chinese government to increase market access for United States companies and address allegations of the theft of intellectual property.

The president of the European Union Chamber of Commerce in China, Mats Harborn, said Tuesday one of its members moved final assembly of goods for the American market from China to a newly created USA company. "We can not turn a blind eye to China's mercantilist trade practices, but this action falls short of a strategy that will give the administration negotiating leverage with China while maintaining the long-term health and prosperity of the American economy".

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