The US’s plans to hit $200 billion worth of Chinese imports with 10% levies will span the range of consumer and industrial goods, from agricultural and beverages to fuel and trailers.
The US Trade Representative’s tariff list covers over 6,000 product types “from across all sectors of the Chinese economy”, Caixin quote. According to the USTR, the measures have been put in place as a reprimand for Beijing’s retaliatory tariffs introduced last week in a tit-for-tat move, with it becoming “apparent”, that the initial $34 billion signed in by the White House was “not sufficient” to force China to change its controversial trade practices.
Amongst the $200 billion list are goods that, as Bloomberg noted, are no longer traded between the US and China, such as trout, as well as unexpected products such as badger hair. Some significant non-consumer goods, like the relatively clean fossil fuel liquefied natural gas, have also made it onto the shortlist.
The new tariffs, should they come into effect after a comment period at the end of August, could slow China’s economic growth for the year by 0.3-0.5%, according to Caixin.
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