China Retaliates Against Trump With Tariffs Targeting $60 BIllion Of US Goods

Posted In: News Date:Sep 18th, 2018

Shortly after President Donald Trump announced the United States would put tariffs on $200 billion in Chinese goods, Beijing responded with its own tariffs on $60 billion worth of products from the United States on Tuesday, according to National Public Radio.

Chinese state television first reported Xi Jinping's government decided to impose tariffs ranging from 5 to 10 percent on $60 billion worth of U.S. products, beginning next week on more than 5,200 items.

China will place an additional 5% in duty on products including textiles, computers, and small aircraft, and an extra 10% on goods including meat, wheat, wine, and chemicals.

The report also said if the Trump administration continued to raise its tariffs, China would respond in kind, setting the stage for even more tariffs in the ongoing tit-for-tat trade war.

Trump previously said the U.S. would add levies on nearly $267 billion of additional imports if Beijing retaliated to his latest measure.

"There will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!" Trump tweeted on Monday.

"The Chinese side reiterates that the aim of imposing these tariffs is to prevent trade frictions from escalating and it is a measure of last resort against American unilateralism and trade protectionism," the Chinese state television report said.

China's Commerce Ministry accused the Trump administration of igniting an "economic emergency" in China, which forced Beijing to retaliate against the latest measures.
Trump said on Monday: "We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly. But, so far, China has been unwilling to change its practices."

Trump has previously claimed about Beijing's alleged unfair trade practices, including intellectual property theft and forcing U.S. companies to transfer technology to Chinese firms.