China plans tariffs on $60bn of imports to counter Trump

Ann Santiago
August 4, 2018

The U.S. president has accused China and others of exploiting the United States in global trade, and has demanded Beijing make a host of concessions to avoid the new duties on $200 billion of Chinese goods, which could be imposed in the weeks after a comment period closes on September 5.

The White House issued a statement Friday, condemning the proposal. It said retaliatory duties of 25 per cent, 20 per cent, 10 per cent or 5 per cent on 5,207 products will be imposed "if the USA side persists in putting its tariff measures into effect".

China announced a list of $60 billion worth of U.S. imports it plans to apply tariffs on should the Trump administration follow through with its latest trade threats.

Beijing's latest salvo came after the Trump administration upped the ante in its plans for additional tariffs on Chinese goods worth US$200 billion, suggesting the rate could be increased to 25 per cent.

"We are coming together with the European Union to make a deal with them, so we'll have a united front against China and, I think, most of our trade team would tell you, we're moving close on Mexico", he said.

The two countries have not had formal trade talks since early June. "China trade battle. But I expect this will be resolved long before the Alaska project gets its federal building permit in spring 2020".


The US, the world's largest economy, has a trade deficit of nearly United States dollars 500 billion with China, the world's second largest economy.

A statement said: "Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties".

"Instead of retaliating", said White House press secretary Sarah Huckabee Sanders, "China should address longstanding concerns about its unfair trading practices", including those laid out in a March report by the Office of the U.S. Trade Representative.

These new tariffs would affect about 38% of all American exports to China, which are worth about $170 billion in total. Trump has imposed tariffs on Chinese steel and aluminum imports and another $34 billion in goods, mostly industrial equipment.

Officials with the Alaska Gasline Development Corp. - the leading powerhouse behind the state's liquefied natural gas project - haven't said much about the immediate consequences of such tariffs, but continued to defend the forward movement of the project despite current tensions.

Answering a reporter's question about what was specifically said on trade, Wang said: "We did not speak in such details". China can not match that dollar for dollar, but it vowed to fight back using "qualitative and quantitative" measures.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER