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USA sets date for additional China tariffs

08 August 2018

Washington is set to begin collecting 25 percent tariffs on another $16 billion in Chinese goods on August 23.

The investigation had revealed that China uses joint venture requirements, foreign investment restrictions, and administrative review and licensing processes to require or pressure technology transfer from USA companies and it deprives USA companies of the ability to set market-based terms in licensing and other technology-related negotiations.

Such practices include rules compelling companies in certain sectors to take on local partners if they want to do business in China.

China's exports surged more than expected in July despite US duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth.

The United States and China implemented tariffs on $34billion worth of each other's goods in July.

Chinese state media, reflecting the government's stance, has said China will not be cowed in the face of USA threats.

United States president Donald Trump has threatened to target all $500bn of Chinese imports.

Negotiations broke off after the Trump administration imposed the tariffs on $34 billion in Chinese imports, a move the Chinese said would void any promises they'd made in negotiations. Beijing is expected to hit $16 billion worth of U.S. goods with equal tariffs in response to Tuesday's move.

April 4: China rolls out a listof more than 100 USA goods worth roughly $50 billion that are subject to retaliatory tariffs.

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Spokesman of the Federal aviation administration Arlene Salak (Arlene Salac) said that on Board were 5 people, and they all died. Lara, Floria and Ghanadan worked as real estate agents at Pacific Union in San Francisco, according to the agency's website.

The trade balance between the two countries, which is at the center of the tariffs tussle, continued to be in favor of China.

All in all, China's trade surplus with the United States shrank to $28.08 billion in July against $28.97 billion in the previous month.

May 29: The White House announces the tariffs on $50 billion of Chinese goodswill move forward, with the final list of goods released June 15.

June 15: Trump rolls out thefinal list of goods subject to new tariffs.

July 6:The first tranche oftariffs on $34 billion worth of Chinese goodstakes effect; China responds in kind.

The administration is preparing tariffs of up to 25 percent on an additional $200 billion in Chinese products.

China has already retaliated with duties of its own, and has pledged to match the United States dollar-for-dollar with new tariffs, including on the next $16 billion.

The new tariffs, the latest in the ongoing trade spat between US and China, target industrial supplies, chemicals, motorcycles, tractors and tractor parts, rail cars, auto parts, some iron and steel, motor and machine components and more.