US unveils next round of Chinese imports to face tariffs

IANS  |  Washington 

The has unveiled a new list of $16 billion worth of imports from that will be hit with 25 per cent duties from August 23, marking the second time has slapped extra tariffs on

The announcement came despite persistent warnings by American businesses that it will raise the price of goods for consumers.

has accused of unfair trade practices and has long vowed to bring down the US' trade deficit in goods with

This will add to the package that the announced in June, which came into force partially at the beginning of July, and will hit $50 billion in goods in total.

In the first round of tariffs, the US targeted a total of 1,300 Chinese goods, from advanced and to and robotics. It imposed 25 per cent tariffs on $34 billion in Chinese imports, the said.

Beijing, accusing the US of trade bullying, retaliated to the July move by imposing tariffs on an equal measure of American goods.

The justified the measure on the grounds of its investigation into Chinese business practices, in which the authorities said allegedly committed a series of irregularities.

Among those alleged irregularities were intellectual property violations against US companies, the acquisition of local companies with an aim of getting their technology and cyberattacks against computer networks.

With the new round of tariffs, the went one step further in its trade war with the Asian giant. Over the weekend, Trump told a rally he holds the advantage over China, adding playing hardball on trade is "my thing".

has threatened of similar measures on any additional tariffs. The said it would impose duties as high as 25 per cent on American products like meat, coffee, nuts and auto parts.

The US and China trade goods and services worth about $650 billion each year, the largest trading relationship in the world between two countries.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 13:46 IST