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US fires next shot in China trade war

US President Donald Trump (R) and China's President Xi Jinping in November 2017Image copyright
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Neither the US nr China has shown willingness to back down in a trade fight

The US has ramped up its trade war with China, outlining a list of $200bn (£150bn) worth of additional products it plans to place tariffs on.

The move comes just days after the US and China imposed tit-for-tat tariffs of $34bn on the other countries’ goods.

President Donald Trump last month threatened additional tariffs against China if it retaliated.

The public will have a chance to comment on the list before the new tariffs go into effect.

The White House says the tariffs are a response to unfair trade practices by China.

Administration officials said they hoped the measures would convince the Chinese government to increase market access for US companies and address allegations of theft of intellectual property.

Source

neallesh@yahoo.co.uk

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