U.S. targets another $300B of Chinese goods for possible tariff hikes

Submitted by admin on Tue, 05/14/2019 - 21:51

Officials in Washington are targeting a $300 billion US list of additional Chinese imports including laptop computers for tariff hikes, ratcheting up a trade fight that is shaking financial markets and fuelling fears about global economic growth.

The release followed Beijing's announcement Monday of tariffs of up to 25 per cent on $60 billion of American imports in their spiralling dispute over Chinese technology ambitions and other irritants.

The list of 3,805 product categories is a step toward carrying out President Donald Trump's May 5 threat to extend punitive 25 per cent duties to all Chinese imports, the U.S. Trade Representative announced. It said a June 17 hearing would be held before Washington decides how to proceed.

The list "covers essentially all products" not already affected by punitive tariffs, the USTR said...

This was excerpted from the 14 May 2019 edition of CBC News.