Rapid Plans In For 2017
Here's what's on the huge list of products that the US is targeting in new tariffs on China The US is running out of Chinese exports to tax A shipping container is offloaded from the Hong Kong based CSCL East China Sea container ship at the Port of Oakland on June 20, 2018 in Oakland, California. U.S. president Donald Trump has threatened to impose 10 percent tariffs on $200 billion of Chinese imports if China retaliated against his previous tariffs on $50 billion of Chinese imports. Image copyright 2018 Getty Images. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. The United States could soon run out of Chinese goods to tax if a trade war continues to escalate. On Tuesday, it released a 195-page list of Chinese exports worth $200 billion facing a 10 percemt tariff. The move came after China retaliated Friday against US tariffs on $34 billion worth of goods by taxing American exports to the same value. US tariffs on a further $16 billion of Chinese exports are coming soon, taking the total under threat to $250 billion. President Donald Trump has threatened to go much further — possibly targeting as much as $550 billion. But that number exceeds the total value of Chinese goods imported by the United States last year ($506 billion) and there are signs that US officials are already beginning to struggle to compile new lists of targets.
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