U.S. to Further Implement Trade Tariffs

U.S. to Further Implement Trade Tariffs
Photo Credit:AgView | Story Source: NAFB

The U.S. plans to implement more tariffs on China as part of an ongoing trade war between the two countries. In a statement released this week, U.S. Trade Representative Robert Lighthizer says he was ordered by President Trump to begin the process of imposing tariffs of ten percent on an additional $200 billion of Chinese imports.

 

The tariffs will follow the 25 percent tariffs implemented last week on approximately $34 billion worth of Chinese imports and will eventually cover up to $50 billion in Chinese imports. The latest action from the Trump administration was attributed to China’s retaliation of imposing tariffs on $34 billion in U.S. exports to China, and threatening tariffs on another $16 billion.

 

Lighthizer claims China retaliated “without any international legal basis or justification.” An administration official told reporters this week the administration would “listen to farmers complaints” at a hearing next month on the tariffs, but added that farmers are “aware Trump’s trade initiatives would help them in the long run.”

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