Regrettably, instead of changing its harmful behavior, China has illegally retaliated against USA workers, farmers, ranchers and businesses.
Several industry bodies in the U.S. representing agribusiness, retail and technology have said the Trump administration's tariffs are hurting them and will cause long-term damage to farmers, manufacturers and consumers.
China on Wednesday said it would impose tariffs on an additional $16 billion in USA autos and energy products, retaliating for the Trump administration's latest import levies on an equivalent value of Chinese goods.
"This is a very unreasonable practice", the Chinese commerce ministry said of the USA action on Wednesday as it rolled out China's counter-tariffs.
According to the U.S. Trade Representative's office on Tuesday...16-billion worth of Chinese imports will be subject to 25 percent tariffs starting August 23rd.
August 7: The US announces that the second tranche of tariffs, which will hit $16 billion worth of Chinese goods, will go into effect on August 23.
The revised Chinese list released today added hundreds of new items to be hit with tariffs, and now covers items as diverse as coal, medical instruments, waste products, cars and buses.
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"The trade conflict with China continues to escalate and hurt American small businesses and consumers", Sage Chandler of the Consumer Technology Association said in a statement issued Monday.
The United States has stepped up its trade war with China... by announcing a new round of tariffs. "Tariffs are a recipe for disaster - giving a leg up to America's foreign competitors".
This article was written by Damian Paletta, Amanda Erickson and David J. Lynch, reporters for The Washington Post.
The first tariffs were imposed in March and China responded in April.
"An uncertain outlook for trade policy can cause firms in all industries to delay investments while they wait to see how trade policy disputes unfold", he said. In a dispute with South Korea past year over its role in hosting a US missile defense system, the Chinese government orchestrated a boycott of Seoul-based Lotte Group that ultimately persuaded it to sell many of its stores in China.
China's July exports rose 12.2 percent from a year earlier, beating forecasts for a 10 percent increase according to the latest Reuters poll, and up from a 11.2 percent gain in June.