Donald Trump’s administration will impose 10% import duty on Chinese goods with annual turnover of 200 billion USD. The action is in addition to the already imposed tariffs and deepening the trade dispute with Beijing. The new list, which includes products like fish and suitcases, comes to the agenda after two other similar lists and will inevitably be followed by threats of retaliation from the Chinese side. Robert Lighthizer, the US Trade Representative, said he was open for dialogue with Beijing to resolve the dispute.
The representatives from both countries have said that there are currently no talks scheduled. Previous discussions between US Treasury Secretary Steven Mnuchin and Chinese Economic Envoy Liu He have made no progress in resolving the dispute.
“For over a year, the Trump Administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition”, said Robert Lighthizer. “We have been very clear and detailed regarding the specific changes China should undertake. Unfortunately, China has not changed its behaviour — behaviour that puts the future of the US economy at risk”, added he.
The new tariffs will come into force at the earliest after two months, giving the American industry time to comment on the products falling within the list, as well as launching a new dialogue between the two countries. The hearing about the products is scheduled for August 20-23.
The new tariffs affect many products, including consumer goods. The consumer products include tuna, salmon and other fish, trunks, tires, dog straps, bags, baseball gloves, furniture, clothing, mattresses, electric lamps and TV cameras, as well as phone and display components.
The administration will try to limit the impact on US consumers, but the scale of imports subject to customs duties makes this impossible. Originally, the US President Donald Trump said he would impose a 25% tariff on additional Chinese goods worth 100 billion USD, but changed his decision to announced duties of 10% for imported goods worth 200 billion USD.
These additional duties follow sanctions imposed on Chinese export goods such as machinery, machine components and electronics worth 34 billion USD.