Trump administration announces $22b in fresh tariffs on China

Trade war US finalizes new batch of tariffs on $16bn of Chinese products

Trade war US finalizes new batch of tariffs on $16bn of Chinese products

Trump, who has boasted that trade wars are "easy to win", has threatened to ramp up the pressure and slap tariffs on virtually all of China's exports to the United States if Beijing does not back down and take steps to reduce the US$335 billion U.S. trade deficit with that country.

USTR said there were 279 new goods to be targeted in the latest round of tariffs.

The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on August 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 imported product lines.

The new tariffs, the latest in the ongoing trade spat between USA and China, target industrial supplies, chemicals, motorcycles, tractors and tractor parts, rail cars, auto parts, some iron and steel, motor and machine components and more.

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Tuesday's announcement was not a surprise. After receiving public feedback, it cut 515 products from the list in June and added 284.

"Hours before the tariffs on $34 billion went into effect, Trump told reporters aboard Air Force One, " you know we have 200 billion in abeyance and then after the 200 billion we have 300 billion in abeyance". On Tuesday, the administration said it had made a decision to go ahead with tariffs on 279 of the 284 items added in June; they're worth about $16 billion a year. China has vowed to retaliate to an equal degree.

President Donald Trump has threatened to impose tariffs on a total of $500 billion worth of Chinese goods. Chinese imports of goods and services into the United States a year ago amounted to almost $524 billion.

Although the move was expected, it cements the view that there appears to be no effort underway to defuse the dispute between the world's two largest economies that have continued to exchange threats.

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