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Trump admin plans tariffs on $50 bn in Chinese imports

News Agencies | Updated on: 4 April 2018, 9:34 IST
(ANI)

The Trump administration on Tuesday published a list of 50 billion dollars in Chinese imports across 1,300 categories of products set to be targeted by US tariffs.

The imports targeted for 25 percent levies, range from high value-added goods such as medicines and medical equipments, reported the Wall Street Journal, citing the US trade representative Robert Lighthizer, as saying, in a statement.

The move is the recent one in United States President Donald Trump's trade tiff with Beijing.

Earlier on April 2, China declared to impose trade tariffs on the United States goods worth USD 3 billion.

This is being touted as a "countermeasure" by Beijing in response to the trade tariffs by Washington D.C.

On March 23, US President Donald Trump imposed massive trade tariffs amounting to USD 60 billion on China, in an effort to stop the latter from stealing "intellectual property" from American companies.

The US had last month passed an order imposing 25 percent tariffs imposed upon steel and aluminum imports on China.

The new order would see a 25 percent tariff on imports of steel and a 10 percent tariff on aluminum.

As per the Chinese Finance Ministry, the steps taken by the US are in violation of WTO rules and have severely undermined China's interests.

"China advocates and supports a multilateral trade system," Ministry said, underlining that to suspend tariff concessions on US goods, it was a move to safeguard Beijing's interests using WTO rules, as reported by the Xinhua News Agency.

--ANI

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First published: 4 April 2018, 9:34 IST
 
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