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Another $200 billion of Chinese goods tariffs on tap

According to the Office of the U.S. Trade Representative (USTR), the U.S. has plans to levy 10 percent tariffs on goods from China totaling $200 billion in annual import value, after that country on Friday imposed retaliatory tariffs in response to an initial round of U.S. tariffs of 25 percent across $34 billion.
   The $200 billion would follow another planned round of tariffs on $16 billion worth of Chinese goods in yearly import value.  

All these planned tariffs are said to be a response to the findings of the USTR-led investigation into China’s trade practices pursuant to Section 301 of the Trade Act of 1974 and the finds showed the unfair business and intellectual property transfer practices by the nation.

US Trade Representative Robert Lighthize has said in a statement that President Donald Trump has instructed USTR to start imposing the tariffs.

 Despite being clearly told what China should undertake, the USTR representative said, “Unfortunately, China has not changed its behavior — behavior that puts the future of the U.S. economy at risk. Rather than address our legitimate concerns, China has begun to retaliate against U.S. products. There is no justification for such action.”
   The proposed tariffs to cover $200 billion worth of goods are aimed, in part, to “enhance effectiveness,” as Chinese tariffs on U.S. exports cover a “substantial percentage” of U.S. goods exports. 
   The U.S. exported $130 billion worth of goods to China last year, while China exported $505 billion to the United States. 
   “In order to enhance effectiveness, the level of the U.S. supplemental action must cover a substantial percentage of Chinese imports,” the USTR notice says.   
   At first glance, the proposed tariffs list appears to target agriculture and aquaculture products from China, including fish, vegetables, fruits, nuts, starchy products, condiments, juice and tobacco products, as well as several chemicals and raw materials, fragrances and toiletries.
   The senior administration official said some of the goods on USTR’s list were recommended as a direct response to goods included on China’s retaliation list.

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