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            december 09, 2018

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Trade war: Trump administration finalises US$16 billion China tariff list


The US will sign into effect another round of 25 per cent tariffs on US$16 billion of Chinese imported goods in two weeks, according to the US Trade Representative's Office.
A further 279 product lines will face tariffs from August 23, adding to the $34 billion of goods already subjected to 25 per cent levies in July.
The new list includes products such as motorcycles, turbines and railway cars, but it was decided to exclude shipping containers, fertilisers and log splitters, all of which are heavily dependent on Chinese manufacturing, Bloomberg reports.
As with the previous round of tariffs, China has pledged to immediately retaliate in kind with equal tariffs on $16 billion of US imports.

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