WASHINGTON, Aug 8: The United States has finalized new tariffs on $16 billion worth of products imported from China, the Office of the US Trade Representative said in a press release on Tuesday.
"The Office of the United States Trade Representative (USTR) today released a list of approximately $16 billion worth of imports from China that will be subject to a 25 percent additional tariff as part of the US response to China’s unfair trade practices related to the forced transfer of American technology and intellectual property," the release said.
Trade war begins: China retaliates with 25% tariffs on $34 bill...
US Customs and Border Protection will start collecting duties on the Chinese imports on August 23, it added.
The release said the list of products that will fall under the new tariffs includes all but five from a list that was proposed on June 15. The first tranche of tariffs on $34 billion worth of Chinese imports went into effect on July 6, the release added.
Previously, US Trade Representative Robert Lighthizer said that Trump had directed him to consider raising tariffs on Chinese goods to 25 percent.
Last week, China responded to a proposed tariff increase from 10 to 25 percent on $200 billion worth of Chinese products with a threat to impose duties of up to 25 percent on US imports worth $60 billion.
Earlier, Beijing said that China would take necessary countermeasures to protects its legitimate rights and interests if Washington continues to raise tariffs on Chinese goods.
