Ose $200 billion in tariffs on China from September 24th

Trump reportedly poised to slap tariffs on an additional $200 billion worth of Chinese imports

Trump approves tariffs on Chinese goods including $1 billion in bike products, effective Monday

US President Donald Trump has enforced higher import taxes will apply to more than 5000 Chinese goods.

Los Angeles is far from the only USA port to be impacted.

China had previously vowed to retaliate further against any new USA tariffs, with state-run media arguing for an aggressive "counterattack". If China doesn't make concessions, the new tariffs will then jump to 25 percent, a senior administration official said.

"If the United States launches any new tariff measures, China will have to take countermeasures to firmly ensure our legitimate rights and interests", foreign ministry spokesman Geng Shuang told reporters during a regular press briefing.

"If countries will not make fair deals with us, they will be 'Tariffed!'".

The move willy also solidify Trump's commitment to to the trade war despite the Treasury Department's recent overtures to Beijing.

China has vowed to retaliate for the latest United States tariffs with new import taxes on $60b in American products.

"Today's announcement from the United States is a concerning development and we urge all parties to step back from further escalating tariffs and to tackle trade distorting subsidies or other issues". While Chinese equities had been outperforming other emerging markets during the first half of the year, they have now slid lower and are now well below other emerging markets.

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In 2002, President George W. Bush imposed tariffs on Chinese steel.

In July, the White House increased charges on $34b worth of Chinese products.

This latest round means that around half of all Chinese imports to the USA are now subject to the new duties. According to reports, the tariffs will apply a 10% duty to a slew of goods, ranging from food to furniture.

U.S. ports have been feeling the pain since the start of the trade spat, the impact ranging from reduced shipments to restricted infrastructural development. Business leaders are warning the high-stakes strategy could upend their supply chains and raise costs, as economists worry Trump's tactics could derail the broadest global upswing in years.

While economists generally estimate that the overall economic impact of the tariffs will be a fraction of a percentage point, they caution that the effects are hard to predict.

Which items have been targeted?


The list also includes several food items from frozen cuts of meat, to nearly all types of fish from smoked mackerel to scallops and soybeans, various types of fruit and cereal and rice.

However, some products that help computer networks operate, such as routers, will remain on the new list, the official said.

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But in a last-minute reprieve, he spared smart watches from Apple and other consumer products like bicycle helmets and baby auto seats from the tariffs.

The changes come after fierce opposition from companies, including global tech giants such as Apple, Dell and Hewlett Packard Enterprise.

The administration's proposal for the tariffs on $200 billion of products drew protest from technology companies earlier this year, but the final list of taxed devices described by the official avoids many big consumer brand names and products.

Why is the U.S. doing this?

Trump will "immediately" pursue another $267 billion in tariffs if China retaliates. "What's going to happen is businesses will start moving back into the United States, which to me is - that's the dream", Trump said. The key USA demand is that the Chinese government completely abandon its program of economic development and remain subservient to the U.S. in high-tech economic sectors. The US is trying to negotiate a new North American trade deal even as it threatens to impose national security tariffs on imported automobiles, especially those from Europe. These tariffs are on top of current duties on bike imports. A USTR spokesman did not respond to queries about the tariffs.

With polls showing Democrats regaining control of at least one chamber of Congress in November's mid-term elections some in Beijing may, rightly or wrongly, see a chance to take advantage of Trump's growing weakness at home.

In an earlier round of tariffs on $50 billion of goods, the Trump administration removed proposals on flat-panel television sets from the final list in June.

Are the two sides talking?


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