Trump's China tariffs could be imposed in June

Trump's China tariffs could be imposed in June

Trump's China tariffs could be imposed in June

The White House announced on Tuesday that it will impose 25 per cent tariffs on $50 billion worth of Chinese goods, as US President Donald Trump pledged to end China's unfair trade practices.

Such complaints have gained prominence amid US pressure, backed by President Donald Trump's threat to hike tariffs on $150 billion of Chinese goods, for Beijing to narrow its multibillion-dollar trade surplus with the United States.

The White House said it also would impose restrictions on Chinese investment and purchases of high-tech exports.

The final list of covered imports will be announced by June 15, and tariffs will be imposed on those imports shortly thereafter, it said. The impact of the sanctions prompted a personal plea from Chinese Premier Xi Jinping for Trump to step in. After Trump administration officials traveled to China at the start of the month, a Chinese delegation came to Washington two weeks later.

Trump's accusations that Chinese trade practices were killing American jobs had been a staple of his campaign, and his reversal has left heads spinning in Washington.

If the two sides fail to reach an agreement and the United States moves forward with tariffs, Chinese officials have said they plan to retaliate with tariffs of their own on USA exports such as soybeans.

The announcement came after President Donald Trump made a decision to move ahead with additional tariffs on $50 billion of imports from China, a move that could potentially derail the truce reached last week between the world's two biggest economies.

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He said they expect to see a big increase - 35 percent to 45 percent this year alone - in US farm sales to China.

The announcement, which offered little new information, comes as Commerce Secretary Wilbur Ross prepares to travel to Beijing this week for another round of talks aimed at resolving the conflict, which includes a threat of matching sanctions from China on United States goods. "China's attitude, as always, is: we do not want to fight, but we are also not afraid to fight", said one Xinhua reporter. "This dynamic makes it likely that both tariffs and investment restrictions will go into effect". Trump announced on Tuesday that was moving forward with tariffs on Chinese imports.

The United States Trade Representative will also continue a dispute settlement with the World Trade Organization (WTO) against China.

Commerce Secretary Wilbur Ross is to visit Beijing this week to try and get China to agree to firm numbers for additional U.S. exports to the country. -China trade relations. While Navarro has advocated for a tougher stance on China, Mnuchin has proposed a lighter touch. The dispute was initiated in March over Beijing's "discriminatory technology licensing requirements", the White House said.

The import duty is part of multiple steps the USA would take to protect domestic technology and intellectual property from certain discriminatory and burdensome trade practices by China, the White House said.

Either way, repeated changes to the USA strategy on China may only bog down talks with Beijing moving forward, Reinsch said.

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