China plans tariffs on $60 billion of US products

China has announced plans to put tariffs of up to 25% on US products worth $60 billion, the latest salvo in ...

Posted: Aug 3, 2018 4:35 PM
Updated: Aug 3, 2018 4:35 PM

China has announced plans to put tariffs of up to 25% on US products worth $60 billion, the latest salvo in an escalating trade war.

The Chinese government said Friday that it would impose duties of 25%, 20%, 10% and 5% on the products if the Trump administration follows through on threats to tax $200 billion of Chinese goods.

"In violation of the bilateral consensus reached after multiple rounds of negotiations, the United States has again unilaterally escalated trade frictions," the Chinese State Council Tariff Commission said in its statement on Friday.

China listed 5,207 US products that it would target in an effort to "safeguard its own legitimate interests."

Products in line for tariffs include meat, coffee, nuts, alcoholic drinks, minerals, chemicals, leather products, wood products, machinery, furniture and auto parts.

Related: The making of a global trade war

Sarah Sanders, the White House press secretary, said in a statement that "instead of retaliating, China should address the longstanding concerns about its unfair trading practices."

The United States and China trade goods and services worth about $650 billion each year, the largest trading relationship in the world between two countries.

But China exports far more to the United States than the other way round, making it more challenging for the country to hit back against US tariffs.

These new tariffs would affect about 38% of all American exports to China, which are worth about $170 billion in total.

Related: A brief history of the US-China trade war

Trade tensions between the United States and China have been on the rise since April 2017, when President Donald Trump directed the US Commerce Department to investigate whether imports of steel and aluminum from China and other countries threatened national security.

The investigation resulted in tariffs on steel and aluminum products from China and many other countries in March. Beijing responded with equal measures.

Then, in July, the United States imposed tariffs on $34 billion of Chinese goods to pressure the country into abandoning what the Trump administration describes as unfair practices such as stealing intellectual property. Beijing again responded with penalties of an equal scale, targeting American products such as motorcycles and communications satellites.

The most recent threat from the Trump administration came this week, when it warned that it could impose steeper tariffs than originally planned on another batch of imports from China.

The White House had previously asked the Office of the United States Trade Representative about the possibility of imposing a 10% tariff on $200 billion worth of Chinese goods. Under the new plan, tariffs of 25% would be applied.

Protectionist moves by the United States have drawn a response from other trading major partners. Canada, Mexico and the European Union have responded to US taxes on steel and aluminum with retaliatory tariffs.

-- Kaitlan Collins contributed reporting.

Lafayette
Cloudy
29° wxIcon
Hi: 33° Lo: 29°
Feels Like: 20°
Kokomo
Cloudy
29° wxIcon
Hi: 33° Lo: 28°
Feels Like: 20°
Rensselaer
Cloudy
28° wxIcon
Hi: 30° Lo: 28°
Feels Like: 20°
Lafayette
Cloudy
29° wxIcon
Hi: 30° Lo: 27°
Feels Like: 20°
Danville
Cloudy
28° wxIcon
Hi: 31° Lo: 28°
Feels Like: 20°
Frankfort
Cloudy
27° wxIcon
Hi: 31° Lo: 28°
Feels Like: 15°
Frankfort
Cloudy
27° wxIcon
Hi: 31° Lo: 27°
Feels Like: 15°
Monticello
Cloudy
27° wxIcon
Hi: 32° Lo: 29°
Feels Like: 18°
Monticello
Cloudy
27° wxIcon
Hi: 33° Lo: 29°
Feels Like: 18°
Logansport
Cloudy
28° wxIcon
Hi: 32° Lo: 29°
Feels Like: 18°
Slick spots....
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 587049

Reported Deaths: 9287
CountyCasesDeaths
Marion810691296
Lake44121665
Allen31797541
Hamilton28178303
St. Joseph26684369
Elkhart24057340
Vanderburgh18519213
Tippecanoe17305121
Johnson14398284
Porter14342159
Hendricks13793241
Madison10509212
Vigo10432171
Clark10151129
Monroe9029108
Delaware8782129
LaPorte8721153
Kosciusko784677
Howard7834137
Warrick636790
Hancock633297
Bartholomew624294
Floyd6098105
Wayne5903156
Grant5799109
Dubois541670
Boone531467
Morgan512388
Marshall492484
Henry491164
Cass469060
Noble458757
Dearborn454544
Jackson413145
Shelby401178
Lawrence379475
Clinton363639
Gibson355056
DeKalb336363
Montgomery333851
Harrison326042
Knox325439
Miami308243
Steuben304940
Adams294435
Whitley292325
Wabash291645
Ripley290845
Putnam282447
Huntington281257
Jasper280733
White265738
Daviess260772
Jefferson248538
Fayette241348
Decatur241282
Greene232460
Posey230026
Wells228547
LaGrange223461
Clay216432
Scott216437
Randolph207540
Jennings191335
Sullivan188531
Spencer179917
Fountain178625
Washington175018
Starke170741
Jay162021
Fulton158829
Owen157837
Carroll151315
Orange150533
Rush148118
Perry145327
Vermillion144333
Franklin142533
Parke12788
Tipton127332
Pike113125
Blackford107022
Pulaski94637
Newton89020
Brown85530
Benton84110
Crawford7479
Martin69213
Warren6537
Switzerland6175
Union6063
Ohio4647
Unassigned0374

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events