• The US will impose a 25% tariff on $16 billion worth of Chinese goods starting August 23.
• The tariff will mostly apply to industrial equipment, like tractors and chemicals.
• The move is the latest escalation of President Donald Trump’s trade war with China.

The United States will impose a 25% tariff on another $16 billion worth of Chinese goods starting August 23, US Trade Representative Robert Lighthizer announced Tuesday.

The new set of measures are the second tranche of tariffs that President Donald Trump originally announced in March, following tariffs imposed on $34 billion worth of Chinese imports that went into effect in early July. It represents the latest salvo in the ever-expanding trade war between the US and China.

The 279 items that will be hit with tariffs at the end of August are mostly industrial goods such as tractors, plastic tubes, and measurement equipment like speedometers.

Trump has threatened to levy a 25% tariff on an additional $200 billion worth of Chinese imports to the US – a move that would blow open the disagreement between the countries. China responded by promising to hit $60 billion worth of US goods coming into the country with tariffs.

The Trump administration has maintained that the tariffs are necessary to force China into changing economic behavior it says harms the US. For instance, the major complaint is about the theft of US intellectual property by Chinese firms.

China, on the other hand, argues that the tariffs violate World Trade Organization rules and only harm both countries. Beijing is expected to hit $16 billion worth of US goods with equal tariffs in response to Tuesday’s move.

Economists warn that a prolonged trade war between China and the US could end up increasing prices for American consumers and hurting US businesses. But given the lack of talks and Trump’s unclear goals, the trade war doesn’t appear to be close to a resolution.

Here’s a timeline of the US-China trade war so far:
• March 1: President Donald Trump announces tariffs on all imports of steel and aluminum, including metals from China.
• March 22: Trump announces plans to hit $50 billion worth of Chinese goods with a 25% tariff. China announces tariffs in retaliation to the steel and aluminum duties and promises a response to the latest US announcement.
• April 3: The US trade representative announces a list of Chinese goods subject to the tariffs. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs.
• April 4: China rolls out a list of more than 100 US goods worth roughly $50 billion that are subject to retaliatory tariffs.
• May 19: After a meeting, the two countries announce the outline of a trade deal to avoid the tariffs.
• May 29: The White House announces the tariffs on $50 billion of Chinese goods will move forward, with the final list of goods released June 15. The move appears to wreck the nascent trade deal.
• June 15: Trump rolls out the final list of goods subject to new tariffs. Chinese imports worth $34 billion would be subject to the new 25% tariff as of July 6, with another $16 billion worth of imports subject to the tariff at a later date. China retaliates with an equivalent set of tariffs.
• June 18: Trump threatens a 10% tariff on another $200 billion worth of Chinese goods.
• July 6: The first tranche of tariffs on $34 billion worth of Chinese goods takes effect; China responds in kind.
• July 10: The US releases an initial list of an additional $200 billion worth of Chinese goods that could be subject to a 10% tariff.
• August 1: Washington more than doubles the value of its tariff threats against Beijing, announcing plans to increase the size of proposed duties on $200 billion worth of Chinese goods to 25% from 10%.
• August 3: China announces that the country will impose tariffs of various rates on another $60 billion worth of US goods if Trump moves forward with his latest threat.
• August 7: The US announces that the second tranche of tariffs, which will hit $16 billion worth of Chinese goods, will go into effect on August 23. </s> • The US will impose a 25% tariff on $16 billion worth of Chinese goods starting August 23.
• The tariff will mostly apply to industrial equipment, like tractors and chemicals.
• The move is the latest escalation of President Donald Trump's trade war with China.

The US will impose a 25% tariff on another $16 billion worth of Chinese goods starting August 23, US Trade Representative Robert Lighthizer announced Tuesday.

The new set of measures are the second tranche of tariffs that President Donald Trump originally announced in March, following tariffs imposed on $34 billion worth of Chinese imports that went into effect in early July. It represents the latest salvo in the ever-expanding trade war between the US and China.

The 279 items that will be hit with tariffs at the end of August are mostly industrial goods such as tractors, plastic tubes, and measurement equipment like speedometers.

Trump has threatened to levy a 25% tariff on an additional $200 billion worth of Chinese imports to the US — a move that would blow open the disagreement between the countries. China responded by promising to hit $60 billion worth of US goods coming into the country with tariffs.

The Trump administration has maintained that the tariffs are necessary to force China into changing economic behavior it says harms the US. For instance, the major complaint is about the theft of US intellectual property by Chinese firms.

China, on the other hand, argues that the tariffs violate World Trade Organization rules and only harm both countries. Beijing is expected to hit $16 billion worth of US goods with equal tariffs in response to Tuesday's move.

Economists warn that a prolonged trade war between China and the US could end up increasing prices for American consumers and hurting US businesses. But given the lack of talks and Trump's unclear goals, the trade war doesn't appear to be close to a resolution.

Here's a timeline of the US-China trade war so far:
• March 1: President Donald Trump announcestariffs on all imports of steel and aluminum, including metals from China.
• 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 US announcement.
• April 3: The US trade representativeannounces a list of Chinese goodssubject to the tariffs. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs.
• April 4: China rolls out a listof more than 100 US goods worth roughly $50 billion that are subject to retaliatory tariffs.
• May 19: After a meeting, the two countriesannounce the outline of a trade dealto avoid the tariffs.
• May 29: The White House announces the tariffs on $50 billion of Chinese goodswill move forward, with the final list of goods released June 15. The move appears to wreck the nascent trade deal.
• June 15: Trump rolls out thefinal list of goods subject to new tariffs. Chinese imports worth $34 billion would be subject to the new 25% tariff as of July 6, with another $16 billion worth of imports subject to the tariff at a later date.China retaliateswith an equivalent set of tariffs.
• June 18: Trumpthreatens a 10% tariff on another $200 billion worth of Chinese goods.
• July 6:The first tranche oftariffs on $34 billion worth of Chinese goodstakes effect; China responds in kind.
• July 10: TheUS releases an initial listof an additional $200 billion worth of Chinese goods that could be subject to a 10% tariff.
• August 1: Washington more than doubles the value of its tariff threats against Beijing, announcing plans to increase the size of proposed duties on $200 billion worth of Chinese goods to 25% from 10%.
• August 3: China announces that the country will impose tariffs of various rates on another $60 billion worth of US goods if Trump moves forward with his latest threat.
• August 7: The US announces that the second tranche of tariffs, which will hit $16 billion worth of Chinese goods, will go into effect on August 23. </s> • President Donald Trump is expected to hit China with a tariff on another $200 billion worth of Chinese goods.
• The move will be a major escalation of the US-China trade war.
• China is expected to respond with more tariffs.
• Economists expect that the tariff will increase the cost of goods for US consumers and possibly slow the broader US economy.

President Donald Trump is expected to order the US Trade Representative to impose a tariff on $200 billion worth of Chinese goods, catapulting the US-China trade war to the next level.

During a White House meeting on Monday, Trump said an announcement on the tariffs would come after the stock market close. According to reports, the tariffs will apply a 10% duty to a slew of goods, ranging from food to furniture.

The latest tariffs, along with previous rounds on $50 billion of Chinese goods and metal imports, will mean over half of all Chinese goods coming into the US are subject to the duties.

"It will be a lot of money coming into the coffers of the United States of America," Trump said.

China's Ministry of Commerce has promised to respond to Trump's latest attack with tariffs on $60 billion worth of US goods. This means that between 85% and 95% of American imports coming into China will be subject to a tariff from the trade war.

The move willy also solidify Trump's commitment to to the trade war despite the Treasury Department's recent overtures to Beijing. China will reportedly decline further talks if Trump goes through with the tariffs on Monday.

The president also threatened to slap tariffs on another $267 billion worth of Chinese goods, which would mean all imports from China would be subject to duties.

In addition to being much larger than previous rounds of tariffs, the new set zeroes in on different targets. The first round of tariffs on $50 billion worth of Chinese goods focused almost exclusively on industrial goods, but Friday's tariffs also include a large amount of consumer goods.

Economists estimate the tariffs will prompt an increase in prices for both US businesses and consumers. That could slow spending on large investments and consumer purchases, potentially harming the broader economy.

Stocks also declined on Trump's pre-announcement statement with the Dow Jones industrial average falling 91 points, or 0.35%, as of 3:45 pm ET.

Here's a timeline of the US-China trade war so far:
• March 1: President Donald Trump announces tariffs on all imports of steel and aluminum, including metals from China.
• March 22: Trump announces plans to impose a 25% tariff on $50 billion worth of Chinese goods. China announces tariffs in retaliation to the steel and aluminum duties and promises a response to the latest US announcement.
• April 3: The US trade representative announces a list of Chinese goods subject to the tariffs. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs.
• April 4: China rolls out a list of more than 100 US goods worth roughly $50 billion that are subject to retaliatory tariffs.
• May 21: After a meeting, the two countries announce the outline of a trade deal to avoid the tariffs.
• May 29: The White House announces that the tariffs on $50 billion of Chinese goods will move forward, with the final list of goods released June 15. The move appears to wreck the nascent trade deal.
• June 15: Trump rolls out the final list of goods subject to new tariffs. Chinese imports worth $34 billion would be subject to the new 25% tariff as of July 6, with another $16 billion worth of imports subject to the tariff at a later date. China retaliates with an equivalent set of tariffs.
• June 18: Trump threatens a 10% tariff on another $200 billion worth of Chinese goods.
• July 6: The first tranche of tariffs on $34 billion worth of Chinese goods takes effect; China responds in kind.
• July 10: The US releases an initial list of an additional $200 billion worth of Chinese goods that could be subject to a 10% tariff.
• August 1: Washington more than doubles the value of its tariff threats against Beijing, announcing plans to increase the size of proposed duties on $200 billion worth of Chinese goods to 25% from 10%.
• August 3: China says it will impose tariffs of various rates on another $60 billion worth of US goods if Trump moves forward with his latest threat.
• August 7: The US announces that the second tranche of tariffs, which will hit $16 billion worth of Chinese goods, will go into effect on August 23.
• August 23: The US imposes tariffs on another $16 billion worth of Chinese goods, and Beijing responds with tariffs on $16 billion worth of US goods.
• September 7: Trump says the $200 billion tranche of tariffs is coming "soon" and threatens to impose tariffs on another $267 billion worth of Chinese goods. </s> WASHINGTON (UrduPoint News / Sputnik - 24th August, 2019) The United States will increase tariffs by another five percent on $550 billion worth of Chinese goods that are already being taxed in response to Beijing's new retaliatory measures, US President Donald Trump said in a statement.

"Starting on October 1st, the 250 billion Dollars of goods and products from China, currently being taxed at 25 percent will be taxed at 30 percent," Trump said via Twitter on Friday.

The US president also said the tariff on the remaining $300 billion worth of Chinese goods and services that will go into effect on September 1 will now increase from 10 percent to 15 percent.

Earlier on Friday, the Chinese State Council said tariffs ranging from 5 to 10 percent would be applied to $75 billion worth of US goods, with some taking effect on September 1 and others on December 15.

The latter batch will also include a 25 percent duty on American cars.

The US Trade Representative's office in a statement said it will begin implementing the tariffs effective October 1 after a notice and comment period. The remainder will go into effect on the already scheduled dates

For the 10% tariffs on approximately $300 billion worth of Chinese imports that the President announced earlier this month, the tariffs will now be 15%, effective on the already scheduled dates for tariff increases on these imports.

China's newly announced tariffs on Friday are in response to Trump's announcement earlier this month of the initial 10 percent tariffs on $300 billion in Chinese goods, although some items have since been removed from the list and others delayed until after the holiday shopping season. </s> US to delay imposing tariffs on some products from China

Washington, Aug 13 (EFE).- The US government said Tuesday it would hold off on imposing 10 percent tariffs on certain products imported from China until December.

“It was determined that the tariff should be delayed to December 15 for certain articles,” the United States Trade Representative (USTR) said in a statement.

The tariffs were originally scheduled to take effect on Sept. 1.

The USTR also said that some products would no longer be subjected to tariffs.

“Certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent,” the USTR said.

Some products, however, will still be subject to the higher tariffs starting on Sept. 1, but the USTR did not identify them.

The USTR posted lists on its website on Tuesday of products subject to tariffs effective Sept. 1 and Dec. 15.

The USTR said it “will publish in the Federal Register as soon as possible additional details and lists of the tariff lines affected by this announcement.”

In late July, a team led by US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin negotiated in Shanghai with a high-level Chinese delegation headed by Vice Premier Liu He.

On Aug. 1, President Donald Trump announced a new set of tariffs on goods from China effective Sept. 1 after the latest round of trade talks with the Asian nation failed to yield a deal.

“Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing,” Trump said on Twitter.

On Aug. 6, China responded to Trump’s tariff announcement, saying that state-owned companies had halted purchases of agricultural goods from the United States.

The Commerce Ministry said in a statement that Washington’s decision to slap additional tariffs on Chinese products effective Sept. 1 was a “grave violation” of agreements reached by Trump and his Chinese counterpart, Xi Jinping, at their June 29 meeting on the sidelines of the G20 summit in Osaka, Japan.

The ministry said it would not rule out tariffs on newly purchased agricultural goods after Aug. 3.

The world’s two largest economic powers have been engaged in a trade war for more than 18 months, leveling allegations at each other and slapping tariffs on imports.

In May, Trump increased from 10 percent to 25 percent a tariff on Chinese imports worth $200 billion. China retaliated by slapping tariffs on US imports worth $60 billion.

Trump later threatened to impose tariffs of up to 25 percent on another $325 billion of Chinese imports, causing concern in financial markets and the business community due to the possible effect on consumer spending, which accounts for about two-thirds of US economic activity.

In Osaka, Trump and Xi agreed to a truce in the trade war, which is rooted in Washington’s unhappiness over China’s massive trade surpluses with the United States.

In 2018, the United States posted a trade deficit of $419 billion with China due, largely, to the fact that US exports to Asia’s largest economy totaled just $120 billion, while American imports from China reached $540 billion.

During the first five months of 2019, the US trade deficit with China was $137 billion.

In recent days, Trump has expressed unhappiness with the Chinese government’s decision to devalue the yuan, pushing the currency’s exchange rate against the dollar to a key level not seen since 2008. EFE </s> WASHINGTON (Reuters) - The United States began collecting higher, 25% tariffs on many Chinese goods arriving in U.S. seaports on Saturday morning in an intensification of the trade war between the world’s two largest economies and drawing retaliation from Beijing.

Containers are seen at a port in Huaian, Jiangsu province, China May 5, 2019. Picture taken May 5, 2019. REUTERS/Stringer

U.S. President Donald Trump imposed the tariff increase on a$200 billion list of Chinese goods on May 10, but had allowed a grace period for sea-borne cargoes that departed China before that date, keeping them at the prior, 10% duty rate.

The U.S. Trade Representative’s office in a May 15 Federal Register notice set a June 1 deadline for those goods to arrive in the United States, after which U.S. Customs and Border protection would begin collecting the 25% duty rate at U.S. ports. The deadline expired at 12:01 a.m. EDT on Saturday

The tariff increase affects a broad range of consumer goods, and intermediate components from China including internet modems and routers, printed circuit boards, furniture, vacuum cleaners and lighting products.

Earlier on Saturday, China began collecting higher retaliatory tariffs on much of a $60 billion target list of U.S. goods. The tariffs, announced on May 13 and taking effect as of midnight in Beijing (1600 GMT), apply additional 20% or 25% tariffs on more than half of the 5,140 U.S. products targeted. Beijing had previously imposed additional rates of 5% or 10% on the targeted goods.

No further trade talks between top Chinese and U.S. negotiators have been scheduled since the last round ended in a stalemate on May 10, the same day when Trump announced higher tariffs on $200 billion of Chinese goods and then took steps to levy duties on all remaining Chinese imports.

China ordered the latest tariff increases in response to Trump’s move.

Related Coverage China to issue white paper on trade talks with U.S. on Sunday

Trump has accused China of breaking a deal to settle their trade dispute by reneging on earlier commitments made during months of negotiations. China has denied the allegations.

Beijing has grown more strident in recent weeks, accusing Washington of lacking sincerity and vowing that it will not cave to the Trump administration’s demands.

Its rhetoric has hardened particularly since Washington put Chinese company Huawei Technologies Co Ltd on a blacklist that effectively bans the firm from doing business with U.S. companies. </s> China 'won't surrender' to pressure in US trade war After the latest round of trade negotiations ended on Friday without a deal, China on Monday warned that it will "never surrender to external pressure", referring to the US increasing tariffs on $200 billion worth of Chinese goods to 25% and will impose new duties on another $300 billion. China has said that it will hit back with "necessary countermeasures".

NEW DELHI: China on Monday said it will impose tariffs on $60 billion worth of US goods from June 1, after Washington announced plans to tax almost all Chinese imports to the United States.Beijing will impose tariffs ranging from 5 per cent to 25 per cent on a number of American goods, according to a statement by the Tariff Policy Commission of the State Council -- China's cabinet.China's finance ministry said that it will impose tariffs on a total of 5,140 US products.The latest round of trade negotiations between the world's top two economies ended on Friday without a deal, with US President Donald Trump increasing tariffs on $200 billion worth of Chinese goods to 25 per cent and ordering the start of a process to impose new duties on another $300 billion worth of items.The response was announced after Trump warned Beijing not to retaliate."China should not retaliate-will only get worse!" the US president wrote in a series of tweets on trade.But Beijing also appeared to dig in. "China will never surrender to external pressure," foreign ministry spokesman Geng Shuang said at a regular briefing on Monday.Global markets remain on red alert over a trade war between the two superpowers that most observers have warned could shatter global economic growth, and hurt demand for commodities like oil. </s> WASHINGTON (UrduPoint News / Sputnik - 24th August, 2019) The United States will increase on October 1 the imposed tariffs on $250 billion worth of Chinese goods from 25 percent to 30 percent as a response to China's new retaliatory tariffs, US President Donald Trump said in a statement.

"Starting on October 1st, the 250 billion Dollars of goods and products from China, currently being taxed at 25 percent will be taxed at 30 percent," Trump said via Twitter on Friday.

The US president also said the tariff on the remaining $300 billion worth of Chinese goods and services that will go into effect on September 1 will now increase from 10 percent to 15 percent. </s> The Latest: China to hike tariffs on $60 billion in US goods

BEIJING (AP) — The Latest on the tariffs battle between China and the United States (all times local):

China has announced it is raising tariffs on $60 billion in U.S. goods in retaliation for the latest penalties on its exports announced by the Trump administration.

The Finance Ministry said Monday the penalty duties of 5% to 25% on hundreds of U.S. products including batteries, spinach and coffee take effect June 1.

That followed Trump's increase Friday of duties on $200 billion of Chinese imports from 10% to 25% in a dispute over Beijing's technology ambitions and trade surplus.

Companies are waiting to see how China will retaliate for President Donald Trump's latest tariff hikes on Chinese imports while economists warned the escalating dispute could slow growth.

Chinese officials gave no indication Monday what steps they might take after threatening "necessary countermeasures" for Trump's penalties on $200 billion of Chinese goods, imposed Friday.

Trade talks wrapped up later Friday in Washington without an agreement.

Jake Parker, the vice president of the U.S.-China Business Council, an industry group, said officials appeared to be studying the potential impact on China's economy before deciding how to respond.

Morgan Stanley economists said the tariff hike could trim China's annual economic growth by 0.5 percentage points. They said that impact could grow if uncertainty prompts companies to cut jobs or postpone investment.
China announces its intent to increase tariffs from 10% to 25% on $60 billion worth of imports from the United States effective June 1, 2019.