U.S. finalises next China tariff list targeting $16 billion in imports
The United States will begin collecting tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative`s office said on Tuesday as it published a final tariff list targeting 279 import product lines.
USTR said that only five product lines were deleted from a list initially proposed on June 15, but semiconductors, among the largest categories, remained on the list.
The latest list brings to about $50 billion in goods that now face a 25 percent tariff that U.S. President Donald Trump has imposed on Chinese imports in an escalating trade war over China`s intellectual property practices and industrial subsidy policies. China has vowed to match Washington`s tariff moves with duties on an equivalent worth of U.S. products.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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