CHINA-US: 'TRADE WAR'

The US Administration on June 15 announced it would move ahead with imposing a 25 percent tariff on $50 billion of Chinese products that are imported into the United States, escalating what had primarily been a war of words between the world’s two largest economies into a full-blown trade war. The penalties against imports from China will come in two tranches. Tariffs on roughly $34 billion of Chinese products — drawn from a list that the administration published in April and vetted through a series of hearings in mid-May — will go into effect on July 6, the office of the United States Trade Representative said. The Administration is also proposing a new list of tariffs on roughly $16 billion of products. The tariffs will fall on 1,102 categories of Chinese goods, a list that generally focuses on industrial sectors that relate to the country’s Made in China 2025 plan for dominating high-tech industries, like aerospace, automobiles, industrial machinery, information technology and robotics, the administration said. Goods commonly purchased by American consumers, like mobile phones and televisions, won’t be taxed.  China's People's Daily promptly criticised the U.S. side for its will to perpetrate damages.





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