WASHINGTON—The U.S. increased tariffs on $200 billion of Chinese goods to 25% Friday as President Trump ratcheted up pressure on Beijing and threatened to impose additional levies on virtually everything China exports to the U.S.

The tariff hike went into force hours after U.S. and Chinese negotiators met Thursday in hopes of getting the troubled trade talks back on track. Discussions are set to resume Friday, but the White House said it had no plans to suspend the tariff increase, which will raise levies from the current... </s> WASHINGTON (Reuters) - The United States began collecting higher, 25% tariffs on many Chinese goods arriving in U.S. seaports on Saturday morning in an intensification of the trade war between the world’s two largest economies and drawing retaliation from Beijing.

Containers are seen at a port in Huaian, Jiangsu province, China May 5, 2019. Picture taken May 5, 2019. REUTERS/Stringer

U.S. President Donald Trump imposed the tariff increase on a$200 billion list of Chinese goods on May 10, but had allowed a grace period for sea-borne cargoes that departed China before that date, keeping them at the prior, 10% duty rate.

The U.S. Trade Representative’s office in a May 15 Federal Register notice set a June 1 deadline for those goods to arrive in the United States, after which U.S. Customs and Border protection would begin collecting the 25% duty rate at U.S. ports. The deadline expired at 12:01 a.m. EDT on Saturday

The tariff increase affects a broad range of consumer goods, and intermediate components from China including internet modems and routers, printed circuit boards, furniture, vacuum cleaners and lighting products.

Earlier on Saturday, China began collecting higher retaliatory tariffs on much of a $60 billion target list of U.S. goods. The tariffs, announced on May 13 and taking effect as of midnight in Beijing (1600 GMT), apply additional 20% or 25% tariffs on more than half of the 5,140 U.S. products targeted. Beijing had previously imposed additional rates of 5% or 10% on the targeted goods.

No further trade talks between top Chinese and U.S. negotiators have been scheduled since the last round ended in a stalemate on May 10, the same day when Trump announced higher tariffs on $200 billion of Chinese goods and then took steps to levy duties on all remaining Chinese imports.

China ordered the latest tariff increases in response to Trump’s move.

Related Coverage China to issue white paper on trade talks with U.S. on Sunday

Trump has accused China of breaking a deal to settle their trade dispute by reneging on earlier commitments made during months of negotiations. China has denied the allegations.

Beijing has grown more strident in recent weeks, accusing Washington of lacking sincerity and vowing that it will not cave to the Trump administration’s demands.

Its rhetoric has hardened particularly since Washington put Chinese company Huawei Technologies Co Ltd on a blacklist that effectively bans the firm from doing business with U.S. companies. </s> WASHINGTON (UrduPoint News / Sputnik - 24th August, 2019) The United States will increase tariffs by another five percent on $550 billion worth of Chinese goods that are already being taxed in response to Beijing's new retaliatory measures, US President Donald Trump said in a statement.

"Starting on October 1st, the 250 billion Dollars of goods and products from China, currently being taxed at 25 percent will be taxed at 30 percent," Trump said via Twitter on Friday.

The US president also said the tariff on the remaining $300 billion worth of Chinese goods and services that will go into effect on September 1 will now increase from 10 percent to 15 percent.

Earlier on Friday, the Chinese State Council said tariffs ranging from 5 to 10 percent would be applied to $75 billion worth of US goods, with some taking effect on September 1 and others on December 15.

The latter batch will also include a 25 percent duty on American cars.

The US Trade Representative's office in a statement said it will begin implementing the tariffs effective October 1 after a notice and comment period. The remainder will go into effect on the already scheduled dates

For the 10% tariffs on approximately $300 billion worth of Chinese imports that the President announced earlier this month, the tariffs will now be 15%, effective on the already scheduled dates for tariff increases on these imports.

China's newly announced tariffs on Friday are in response to Trump's announcement earlier this month of the initial 10 percent tariffs on $300 billion in Chinese goods, although some items have since been removed from the list and others delayed until after the holiday shopping season. </s> The United States began collecting higher, 25 per cent tariffs on many Chinese goods arriving in US seaports on Saturday morning in an intensification of the trade war between the world's two largest economies and drawing retaliation from Beijing.

[WASHINGTON] The United States began collecting higher, 25 per cent tariffs on many Chinese goods arriving in US seaports on Saturday morning in an intensification of the trade war between the world's two largest economies and drawing retaliation from Beijing.

US President Donald Trump imposed the tariff increase on a US$200 billion list of Chinese goods on May 10, but had allowed a grace period for sea-borne cargoes that departed China before that date, keeping them at the prior, 10 per cent duty rate.

The US Trade Representative's office in a May 15 Federal Register notice set a June 1 deadline for those goods to arrive in the United States, after which US Customs and Border protection would begin collecting the 25 per cent duty rate at US ports.

The deadline expired at 12.01am EDT (12.01pm Singapore time) on Saturday.

The tariff increase affects a broad range of consumer goods, and intermediate components from China including internet modems and routers, printed circuit boards, furniture, vacuum cleaners and lighting products.

Earlier on Saturday, China began collecting higher retaliatory tariffs on much of a US$60 billion target list of US goods. The tariffs, announced on May 13 and taking effect as of midnight in Beijing, apply additional 20 per cent or 25 per cent tariffs on more than half of the 5,140 US products targeted.

Beijing had previously imposed additional rates of 5 per cent or 10 per cent on the targeted goods.

No further trade talks between top Chinese and US negotiators have been scheduled since the last round ended in a stalemate on May 10, the same day when Mr Trump announced higher tariffs on US$200 billion of Chinese goods and then took steps to levy duties on all remaining Chinese imports.

China ordered the latest tariff increases in response to Mr Trump's move.

Mr Trump has accused China of breaking a deal to settle their trade dispute by reneging on earlier commitments made during months of negotiations. China has denied the allegations.

Beijing has grown more strident in recent weeks, accusing Washington of lacking sincerity and vowing that it will not cave to the Trump administration's demands.

Its rhetoric has hardened particularly since Washington put Chinese company Huawei Technologies Co on a blacklist that effectively bans the firm from doing business with US companies. </s> WASHINGTON (UrduPoint News / Sputnik - 24th August, 2019) The United States will increase on October 1 the imposed tariffs on $250 billion worth of Chinese goods from 25 percent to 30 percent as a response to China's new retaliatory tariffs, US President Donald Trump said in a statement.

"Starting on October 1st, the 250 billion Dollars of goods and products from China, currently being taxed at 25 percent will be taxed at 30 percent," Trump said via Twitter on Friday.

The US president also said the tariff on the remaining $300 billion worth of Chinese goods and services that will go into effect on September 1 will now increase from 10 percent to 15 percent. </s> BEIJING — China announces tariff hikes on $60 billion of US imports in retaliation for Trump’s latest trade penalties.

The United States has escalated its trade war with China, hiking tariffs on $200 billion worth of Chinese exports, hours after trade talks held in Washington failed to produce a breakthrough.

Tariffs on the targeted exports increased from 10% to 25% at 12:01 a.m. ET on Friday, prompting a swift rebuke from Beijing.

The Chinese government expressed “deep regret over the development” and pledged to take “necessary countermeasures.”

The Trump administration’s decision to impose new taxes on Chinese exports comes after the United States accused China of backtracking on commitments made during recent negotiations on trade.

Trump has repeatedly slammed China for indulging in what he says are unfair trade practices, particularly with regards to access to its giant market, intellectual property and technology transfers. </s> BEIJING/WASHINGTON (Reuters) - The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of the other’s goods.

The latest round brings to $50 billion the value of imports subjected to tariffs on either side since early July, and more are in the pipeline, adding to risks for global economic growth.

Washington is holding hearings this week on a proposed list of an additional $200 billion worth of Chinese imports to face duties.

U.S. Customs and Border Protection had confirmed on its website that at 12:01 a.m. EDT (0401 GMT) on Thursday, which is just past noon in Beijing, it would begin collecting extra 25 percent duties on 279 Chinese import product categories valued at $16 billion. 16.

China has said its own tariffs on a list of $16 billion worth of imports from the United States would be effective at 12:01 p.m. local time.

The tariffs took effect amid two days of talks in Washington between mid-level officials from both sides, the first formal negotiations since U.S. Commerce Secretary met with Chinese economic adviser Liu He in Beijing in June.

Business groups expressed hope that the two-day meeting would mark the start of serious negotiations over Chinese trade and economic policy changes demanded by President Donald Trump.

However, Trump on Monday told Reuters in an interview that he did not “anticipate much” from the talks led by U.S. Treasury Under Secretary David Malpass and Chinese Commerce Vice Minister Wang Shouwen.

Economists reckon that every $100 billion of imports affected by tariffs would reduce global trade by around 0.5 percent.

They have assumed a direct impact on China’s economic growth in 2018 of 0.1-0.3 percentage points, and somewhat less for the United States, but the impact will be bigger next year, along with collateral damage for other countries and companies tied into China’s global supply chains.

Trump has threatened to impose duties on virtually all of the more than $500 billion of Chinese goods exported annually to the United States unless Beijing agrees to sweeping changes to its intellectual property practices, industrial subsidy programs and tariff structure.

That would far more than exceed how much China imports from the United States, raising concerns that Beijing could consider other types of retaliation, such as making life more difficult for American firms in China or allowing its yuan currency to weaken further to support its exporters.

Trump’s hard line has rattled Beijing and spurred criticism within Chinese policy circles over its handling of the trade war, sources have said.

Beijing has denied U.S. allegations that it systematically forces the unfair transfer of U.S. technology and has said that it adheres to World Trade Organization rules.

Washington’s latest tariffs apply to products including semiconductors, plastics, chemicals and railway equipment that the Office of the U.S. Trade Representative has said benefit from Beijing’s “Made in China 2025” industrial plan to make China competitive in high-tech industries.

China’s list of 333 U.S. product categories hit with duties includes coal, copper scrap, fuel, steel products, buses and medical equipment.

Some business groups have warned about the impact of escalating tariffs.

CompTIA, a technology trade group, called the new U.S. tariffs on tech products “irresponsible and misguided.”

“These tariffs will not only severely undercut the U.S.’s global competitiveness and leadership in cutting-edge technologies, but also threatens America’s national security infrastructure,” Elizabeth Hyman, the group’s executive vice president for public advocacy, said in a statement. </s> The Latest: China to hike tariffs on $60 billion in US goods

BEIJING (AP) — The Latest on the tariffs battle between China and the United States (all times local):

China has announced it is raising tariffs on $60 billion in U.S. goods in retaliation for the latest penalties on its exports announced by the Trump administration.

The Finance Ministry said Monday the penalty duties of 5% to 25% on hundreds of U.S. products including batteries, spinach and coffee take effect June 1.

That followed Trump's increase Friday of duties on $200 billion of Chinese imports from 10% to 25% in a dispute over Beijing's technology ambitions and trade surplus.

Companies are waiting to see how China will retaliate for President Donald Trump's latest tariff hikes on Chinese imports while economists warned the escalating dispute could slow growth.

Chinese officials gave no indication Monday what steps they might take after threatening "necessary countermeasures" for Trump's penalties on $200 billion of Chinese goods, imposed Friday.

Trade talks wrapped up later Friday in Washington without an agreement.

Jake Parker, the vice president of the U.S.-China Business Council, an industry group, said officials appeared to be studying the potential impact on China's economy before deciding how to respond.

Morgan Stanley economists said the tariff hike could trim China's annual economic growth by 0.5 percentage points. They said that impact could grow if uncertainty prompts companies to cut jobs or postpone investment. </s> The Chinese government Monday said that from June 1 it will impose tariffs on $60 billion worth of goods from the United States, in response to the latest measure adopted by President Donald Trump.

It was a new chapter in the bitter trade dispute between the two countries, China responded to the last tariff increase ordered by Trump on Friday, which affects Chinese goods worth $200 billion.
The United States increases tariffs from 10% to 25% on $200 billion worth of imports from China after no deal materialized prior to the midnight deadline.