Connect With PPD
Follow Us:
Economy

China to Propose Tariffs on 106 U.S. Products

President Donald J. Trump, right, and Chinese President Xi Jinping, left. (Photo: Reuters)

China intends to propose more tariffs of 25% on 106 U.S. products including soybeans, autos and chemicals, state broadcaster CCTV reported on Wednesday.

The retaliatory measure comes after the Trump Administration released a proposed list of approximately 1,300 separate tariffs on Chinese imports, which will undergo review in a public notice and the comment process, including a hearing.

The list of U.S> products subject to tariffs makes it clear that the Chinese are intending to hurt rural Americans, an attempt to hurt those who support President Donald Trump’s agenda.

The White House announced in March that the U.S. will impose tariffs on approximately $50 billion worth of Chinese imports in response to China’s policies that coerce American companies into transferring their technology and intellectual property to domestic Chinese enterprises. These policies bolster China’s stated intention of seizing economic leadership in advanced technology as set forth in its industrial plans, such as “Made in China 2025.”

China will announce the effective date for the new tariffs at a later time, CCTV said.

The Chinese also made the announcement just days after the U.S. Trade Representative (USTR) filed a request for consultations with China at the World Trade Organization (WTO) to address China’s discriminatory technology licensing requirements. Consultations are the first step in the WTO dispute settlement process.

If the U.S. and China are unable to reach an agreement through consultations, the U.S. may request the establishment of a WTO dispute settlement panel to review the complaint.

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

View Comments

  • Big whop. I am be very careful in what I buy and avoid products from China at all costs.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

9 months ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

3 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

3 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

3 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

3 years ago

This website uses cookies.