WASHINGTON (Reuters) - 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. </s> WASHINGTON, Aug 23 — The United States today imposed steep import tariffs on another US$16 billion (RM65.62 billion) in Chinese goods in the dispute over what US officials say is the rampant theft of American technology.

That completes the first round of US$50 billion in products that President Donald Trump targeted, after US$34 billion in goods were hit with punitive duties on July 6.

China has said it will react immediately with tariffs on the same amount of US goods, targeting iconic products like Harley Davidson motorcycles, bourbon and orange juice, among hundreds of others. — AFP </s> WASHINGTON, D.C. – The United States Trade Representative (USTR) on Tuesday announced the next steps in the process of imposing an additional tariff of 10 percent on approximately $300 billion of Chinese imports.

On May 17, USTR published a list of products imported from China that would be potentially subject to an additional 10 percent tariff. This new tariff will go into effect on September 1 as announced by President Trump on August 1.

Certain products are being removed from the tariff list based on health, safety, national security, and other factors and will not face additional tariffs of 10 percent.

Further, as part of USTR’s public comment and hearing process, it was determined that the tariff should be delayed to December 15 for certain articles. Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.

USTR intends to conduct an exclusion process for products subject to the additional tariff.

The USTR will publish on its website and in the Federal Register as soon as possible, additional details and lists of the tariff lines affected by this announcement. </s> BEIJING: China will impose additional 25 per cent tariffs on 659 US goods worth US$50 billion in response to the US announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.



Tariffs on US$34 billion of US goods including agricultural products such as soybeans will take effect from Jul 6, the ministry said. Soybeans are China's biggest import from the United States by value.

The tariffs will also be applied to autos and aquatic products, the ministry said.

The list of 659 US goods was longer than a preliminary list of 106 goods published by the commerce ministry in April, although the value of products affected remained unchanged at US$50 billion.

Aircraft, included in the earlier Chinese list, were not on the revised list.

The effective date of the tariffs on the remaining US$16 billion of US goods will be announced later, according to the commerce ministry. Among the affected US$16 billion in US goods include crude oil, natural gas, coal and some refined oil products.

US President Donald Trump announced on Friday 25 per cent tariffs on US$50 billion of Chinese imports, in a move that looks set to ignite a trade war between the world's two largest economies.

Trump said the tariffs would be imposed on a list of strategically important imports from China. He also vowed further measures if Beijing struck back.

"The US has ignored China's resolute opposition and solemn representation, and has insisted on adopting behaviors that violate WTO rules," China's commerce ministry said.

"This is a violation of the legitimate rights and interests that China is entitled to according to WTO rules, and is a threat to China's economic interest and security." </s> The office of US Trade Representative Robert Lighthizer said today there were 279 new goods to be targeted in the dispute over China's policies, which American officials say promote the theft of American technology

President Donald Trump's administration announced today that 25 per cent tariffs would be in place on USD 50 billion in Chinese goods starting August 23. Washington had already imposed tariffs on USD 34 billion on July 6 but held off on a final USD 16 billion in goods as a result of concerns from US companies.

The office of US Trade Representative Robert Lighthizer said today there were 279 new goods to be targeted in the dispute over China's policies, which American officials say promote the theft of American technology.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever </s> WASHINGTON, Aug 7 (Reuters) - 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. (Reporting by David Lawder; editing by Jonathan Oatis) </s> WASHINGTON (REUTERS) - The United States will begin collecting tariffs on another US$16 billion (S$22 billion) in Chinese goods on Aug 23, the US Trade Representative's office said on Tuesday (Aug 7) 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 US$50 billion in goods that now face a 25 per cent tariff that US 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 US products. </s> The United States administration is expected to announce additional tariffs worth $200 billion on Chinese imports on Monday, September 17, according to a Reuters report.

The level of tariffs is likely to be around 10 percent which is below the 25 percent the administration was considering since last few weeks.

The $ 200 billion worth tariffs would be on series of products including internet technology products and other electronics, printed circuit boards and consumer goods including Chinese seafood, furniture and lighting products, tires, chemicals, plastics, bicycles and car seats for babies.

Highlighting the "unfair trade practices" by China, White House spokeswoman Lindsay Walters had said that Trump "has been clear that he and his administration will continue to take action to address China's unfair trade practices. We encourage China to address the long-standing concerns raised by the United States."

Ever since Donald Trump has assumed office, he has demanded China to cut its $ 375 billion trade surplus with the United States and end policies aimed at acquiring US technologies and intellectual property and also end the high-tech industrial subsidies.

Last week the world's two largest economies met each other to discuss the modalities related to trade. Treasury called on senior Chinese officials, including Vice Premier Liu He for deliberations on the matter.

Since the start of this year, US has already levied duties on $50 billion worth of Chinese goods after study on China's intellectual property practices. China has witnessed a steady fall in its current account surplus since the global economic crisis of 2008.

It remained at 1.3 percent in 2017 as against 9.9 percent in 2007 Gross Domestic Product (GDP). The Xi Jinping administration has been reducing its dependence on exports, which is the reason behind the success story of its economic might, to increase domestic consumption.

China has started to face the heat of the trade war as the economic indicators showing the effects of the sanctions. Financial markets in China have already sensed this outcome. Over the last three months, US equities have soared 7.1 percent as China's markets have lost 9.1 percent. </s> A Chinese worker checks aluminium tapes at an aluminium production plant in Huaibei, east China's Anhui province in May 2017.

WASHINGTON – The Trump administration announced Tuesday it is moving forward with a 25 percent tariff on $16 billion in Chinese goods, further escalating a trade war with Beijing.

The new tariffs will take effect on Aug. 23 and will impact 279 product lines, down from the original 284 that were proposed on June 15, the U.S. Trade Representative’s office said. Products to be impacted include electronics, plastics and railway freight cars.

The tariffs are the second round of duties that the U.S. has imposed on Chinese goods in a dispute over technology. An initial round of tariffs was placed on $34 billion of Chinese products on July 6.

More tariffs could be coming soon

President Donald Trump earlier proposed 10 percent tariffs on an additional $200 billion of Chinese imports. Last week, he instructed U.S. Trade Representative Robert Lighthizer to consider more than doubling those duties to 25 percent. Those tariffs could be levied in September, following a public comment period.

The latest round of tariffs comes during a breakdown of trade talks between the Trump administration and Beijing and amid a growing trade dispute that has rattled global markets.

In July, Beijing announced that it would slap an extra 25 percent duty on 545 products from the United States including soybeans, electric cars, orange juice, whiskey, salmon and cigars, in retaliation for Trump’s initial round of tariffs.

Last week, China’s Ministry of Finance it would place tariffs on an additional $60 billion of U.S. goods, including coffee, honey and industrial chemicals, if Trump goes through with the threat to place duties on an additional $200 billion in Chinese products.

The ministry accused the Trump administration of damaging the global economy.

More: Trump says 'vicious' China targeting U.S. farmers on trade, urges critics to 'be cool'
The Office of the United States Trade Representative publishes its finalized list of 279 Chinese goods, worth $16 billion, to be subject to a 25% tariff from August 23.