European exporters in China shift trade to avoid U.S. tariffs

Share

The US Trade Representative office will hold hearings on the targeted products and it's expected it will take about two months to finalize the list, at which point Mr Trump would decide whether to go ahead with the tariffs.

The US had no choice but to move forward on the new tariffs after China failed to respond to the administration's concerns over unfair trade practices and Beijing's abuse of American intellectual property, the officials said.

The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn't public.

The Trump administration said Tuesday it will publish a proposed list of an additional US$200 billion in Chinese products to be hit with tariffs, marking a sharp escalation in a trade war between the world's two largest economies.

This most recent maneuver follows a threat President Trump made last month, and comes days after the US and China imposed tit-for-tat tariffs on more than $30 billion in goods. "There is no justification for such action".

More news: Apple iOS 11.4.1 officially adds USB Restricted Mode, blocking hacking tools

Up until now, only a few companies, including Harley-Davidson Inc. and Brown-Forman Corp., have publicly said the tariffs will affect their businesses, as most United States retailers and consumer brands were spared in the first round of tariffs on Chinese imports. China has vowed to retaliate dollar-for-dollar to any further United States tariffs.

The administration says its tariffs are created to punish China for what it calls unfair trade practices, theft of intellectual property, and "forced technology transfers".

"The president has broken his promise to bring 'maximum pain on China, minimum pain on consumers, ' and American families are the ones being punished", Hun Quach, vice president of global trade for the Retail Industry Leaders Association, said in a statement following news of the new round of duties. But Trump hasn't backed down, arguing that China's unfair trading practices are hurting American workers. Since then, the president has said his administration could impose duties on virtually all Chinese imports into the US.

"For companies that are severely impacted, we suggest they report to local government departments", the Commerce Ministry said in a statement Monday.

Share