Trump vows to impose tariffs on more Chinese goods

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The latest charge comes after the USA said it would implement another round of tariffs on $16 billion worth of Chinese goods.

China's final list announced on Wednesday differs from an earlier draft it published in June, which included crude oil.

June 15: Trump rolls out thefinal list of goods subject to new tariffs.

March 22:Trump announces plans to hit$50 billion worth of Chinese goods with a 25% tariff.China announces tariffsin retaliation to the steel and aluminum duties and promises a response to the latest USA announcement. China has vowed to retaliate with equivalent tariffs against any USA action.

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"We have made the case to the Administration, in the strongest possible terms, that tariffs imposed on semiconductors imported from China will hurt America's chipmakers, not China's, and will do nothing to stop China's problematic and discriminatory trade practices", he said.

The US is now considering tariffs on another $200bn in goods, including consumer products that were spared duties in the initial $50bn round.

China's Commerce Ministry called the USA decision to place the latest round of tariffs on Chinese goods "unreasonable", and said it chose to take counter measures, matching the tariffs in percentage and value.

The Office United States Trade Representative (USTR) announced the tariffs in a statement released on Tuesday afternoon US time. Big-ticket US items that are still not on any list are crude oil and large aircraft.

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This round of tariffs is open to public comment until September 6th. It would take a few more weeks to revise the list and make programming changes at U.S. Customs and Border Protection to begin collecting the duties. -China tariff war as both sides dig into entrenched positions.

"Looking ahead, we expect export growth to cool in the coming months, though this will primarily reflect softer global growth rather than United States tariffs, the direct impact of which will continue to be mostly offset by the renminbi's (yuan's) recent depreciation", Capital Economics' Senior China Economist Julian Evans-Pritchard wrote in a note. That's soon enough to be used by Trump as a rallying argument, but late enough so that adverse effects will not occur before January 2019.

The better-than-expected growth might be partly because China tends to strengthen economic and trade ties with other major economies amid trade tensions with the United States, it said.

According to the United States Census Bureau, the country exported $10.2 billion in new and used passenger cars to China in 2017.

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