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> • 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> • 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> The US on Tuesday published a list of $200 billion (€170 billion) worth of Chinese goods that could soon be hit with tariffs.

The move is a major escalation in a brewing trade war between the world's two largest economies.

Read more: Germany, China seek closer alliance over trade spat with US

According to the Office of the US Trade Representative:
• The additional 6,031 product lines would be hit with a 10 percent tariff.
• The list is subject to two months of finalization and input before possible implementation by President Donald Trump.
• The earliest they would come into effect is September.
• The products include various food items, chemicals, minerals, tobacco, electronics and office goods.

The Retail Industry Leaders Association said new tariffs on Chinese imports would punish American families by driving up prices.

US Senate Finance Committee Chairman Orrin Hatch described the move was "reckless."

The previous round of tariffs: The Trump administration last week imposed 25 percent tariffs on $34 million in Chinese goods, prompting Beijing to impose retaliatory tariffs of the same amount on US imports. The US has suggested that it may ultimately impose tariffs on $500 billion worth of Chinese goods, or roughly the entire amount of US imports from China.

Chinese retaliation: China has threatened to retaliate dollar-for-dollar if the Trump administration imposes a new round of tariffs. However, because China exports more to the US than it imports there are limits on the amount of tariffs Beijing can impose on American goods. This has raised concerns that China could retaliate with non-tariff trade measures.

Trade war with the world: US tariffs on aluminum and steel from Canada, the EU and other countries have also triggered retaliatory tariffs on US goods. The prospect of an international trade war has sent jitters through world markets. </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. </s> WASHINGTON — The Latest on President Donald Trump’s tariffs on Chinese goods (all times local):

China plans to impose 25 percent tariffs on roughly $50 billion of U.S. goods in retaliation for the Trump administration’s announcement Friday that it would impose duties of the same amount on $50 billion of Chinese goods, according to a report from the official news agency Xinhua.

The tariffs will come in two steps, beginning with duties on 545 U.S. products worth $34 billion that will be focused on farm goods, cars and seafood, Xinhua said.

A second round of tariffs, to be imposed on an unspecified date, on 114 items worth $16 billion will mostly hit chemicals, medical equipment and energy products.

Trump has threatened to hit China with duties on another $50 billion of goods if it retaliates. China “has noticed the U.S. statement” and “reserves its rights to take corresponding measures,” a government official said, according to Xinhua.

China has quickly released some details on the retaliatory tariffs it plans to impose on U.S. goods. Chinese officials say they will slap duties on 545 U.S. products on July 6, according to a report in the Wall Street Journal.

The tariffs will be imposed on farm products, autos and seafood, the Journal report says.

The Chinese Commerce Ministry also says it will impose duties of “the same scale and intensity” in response to the Trump administration’s move to slap tariffs on $50 billion of Chinese goods.

It’s a quick response from the Beijing government to President Donald Trump’s tariff increase on Chinese goods.

The Chinese Commerce Ministry says it will immediately impose penalties of “equal strength” on U.S. products.

The ministry says it’s also scrapping deals to buy more American farm goods and other exports — steps that were intended to help ease a dispute over China’s trade surplus and China’s technology policy.

A ministry statement isn’t giving details, but a $50 billion list of possible targets announced in April included soybeans, light aircraft, orange juice, whiskey and beef.

Trump’s tariffs are in response to complaints that Beijing steals or pressures foreign companies to hand over technology.

President Donald Trump is hailing his “very big tariffs” on China.

Trump is speaking Friday on the North Lawn of the White House, just as his administration just announced a 25 percent tariff on up to $50 billion worth of Chinese imports.

Trump says there is “great brain power” in this country. He adds: “’There is no trade war. They’ve taken so much.”

Trump also defended his trade clash at a recent meeting of the Group of Seven industrialized nations. He again complained that he had been blindsided by Canadian Prime Minister Justin Trudeau’s criticism of his tariff threats at a summit-ending news conference.

The Trump administration is announcing a 25 percent tariff on $50 billion worth of Chinese imports, escalating a trade dispute between the world’s two largest economies.

President Donald Trump has vowed to clamp down on what he calls China’s unfair trade practices. China has said that it will retaliate with $50 billion in tariffs in response, rattling financial markets.

It comes in the aftermath of Trump’s nuclear summit with North Korean leader Kim Jong Un (kim jawng oon) and his push for China to maintain economic pressure on the North.

Trump has already slapped tariffs on steel and aluminum imports from Canada, Mexico, Europe and Japan, drawing a rebuke from U.S. allies.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. </s> WASHINGTON (AP) — The Latest on President Donald Trump's tariffs on Chinese goods (all times local):

China plans to impose 25 percent tariffs on roughly $50 billion of U.S. goods in retaliation for the Trump administration's announcement Friday that it would impose duties of the same amount on $50 billion of Chinese goods, according to a report from the official news agency Xinhua.

The tariffs will come in two steps, beginning with duties on 545 U.S. products worth $34 billion that will be focused on farm goods, cars and seafood, Xinhua said.

A second round of tariffs, to be imposed on an unspecified date, on 114 items worth $16 billion will mostly hit chemicals, medical equipment and energy products.

Trump has threatened to hit China with duties on another $50 billion of goods if it retaliates. China "has noticed the U.S. statement" and "reserves its rights to take corresponding measures," a government official said, according to Xinhua.

China has quickly released some details on the retaliatory tariffs it plans to impose on U.S. goods. Chinese officials say they will slap duties on 545 U.S. products on July 6, according to a report in the Wall Street Journal.

The tariffs will be imposed on farm products, autos and seafood, the Journal report says.

The Chinese Commerce Ministry also says it will impose duties of "the same scale and intensity" in response to the Trump administration's move to slap tariffs on $50 billion of Chinese goods.

It's a quick response from the Beijing government to President Donald Trump's tariff increase on Chinese goods.

The Chinese Commerce Ministry says it will immediately impose penalties of "equal strength" on U.S. products.

The ministry says it's also scrapping deals to buy more American farm goods and other exports — steps that were intended to help ease a dispute over China's trade surplus and China's technology policy.

A ministry statement isn't giving details, but a $50 billion list of possible targets announced in April included soybeans, light aircraft, orange juice, whiskey and beef.

Trump's tariffs are in response to complaints that Beijing steals or pressures foreign companies to hand over technology.

President Donald Trump is hailing his "very big tariffs" on China.

Trump is speaking Friday on the North Lawn of the White House, just as his administration just announced a 25 percent tariff on up to $50 billion worth of Chinese imports.

Trump says there is "great brain power" in this country. He adds: "'There is no trade war. They've taken so much."

Trump also defended his trade clash at a recent meeting of the Group of Seven industrialized nations. He again complained that he had been blindsided by Canadian Prime Minister Justin Trudeau's criticism of his tariff threats at a summit-ending news conference.

The Trump administration is announcing a 25 percent tariff on $50 billion worth of Chinese imports, escalating a trade dispute between the world's two largest economies.

President Donald Trump has vowed to clamp down on what he calls China's unfair trade practices. China has said that it will retaliate with $50 billion in tariffs in response, rattling financial markets.

It comes in the aftermath of Trump's nuclear summit with North Korean leader Kim Jong Un (kim jawng oon) and his push for China to maintain economic pressure on the North.

Trump has already slapped tariffs on steel and aluminum imports from Canada, Mexico, Europe and Japan, drawing a rebuke from U.S. allies.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. </s> WASHINGTON/TIANJIN, Sept 18 (Reuters) - U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said "poisoned" the atmosphere for negotiations.

Trump also warned in a statement on Monday that if China takes retaliatory action against U.S. farmers or industries, "we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports."

China is reviewing plans to send a delegation to Washington for fresh talks in light of the U.S. decision, the South China Morning Post reported on Tuesday, citing a government source in Beijing, raising the risk of a prolonged trade battle between the world's largest economies that could hit global growth.

U.S. trade actions against China will not work as China has ample fiscal and monetary policy tools to cope with the impact, a senior securities market official said.

"President Trump is a hard-hitting businessman, and he tries to put pressure on China so he can get concessions from our negotiations. I think that kind of tactic is not going to work with China," Fang Xinghai, vice chairman of China's securities regulator, said at a conference in the port city of Tianjin.

Collection of tariffs on the long-anticipated list will start on Sept. 24 but the rate will increase to 25 percent by the end of 2018, allowing U.S. companies some time to adjust their supply chains to alternate countries.

So far, the United States has imposed tariffs on $50 billion worth of Chinese products to pressure Beijing to make sweeping changes to its trade, technology transfer and high-tech industrial subsidy policies. China has retaliated in kind.

Vice Premier Liu He was set to convene a meeting in Beijing on Tuesday morning to discuss the government's response, Bloomberg News reported, citing a person briefed on the matter.

China has vowed to retaliate against new U.S. tariffs, with state-run media arguing for an aggressive "counterattack."

Last month, it unveiled a proposed list of tariffs on $60 billion of U.S. goods ranging from liquefied natural gas to certain types of aircraft - should Washington activate the tariffs on its $200 billion list.

The effect of the 10 percent tariffs will gradually show up in China's fourth-quarter data, and the full impact of the total 25 percent tariffs is expected to be felt next year, dragging down China's gross domestic product (GDP) growth rate by 0.83 percentage point, Citi analysts wrote in a note.

Fang said that even if Trump puts tariffs on all Chinese exports to the United States, the negative impact on China's economy will be about 0.7 percent. He did not say whether he was referring to the impact on the amount of GDP or the GDP growth.

Trump's latest escalation of tariffs on China comes after several meetings yielded no progress. U.S. Treasury Secretary Steven Mnuchin last week invited top Chinese officials to a new round of talks, but thus far nothing has been scheduled.

"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," Trump said in his statement. "But, so far, China has been unwilling to change its practices."

Fang told the Tianjin forum that he hopes the two sides can sit down and talk, but added that the latest U.S. move has "poisoned" the atmosphere.

A senior Trump administration official told reporters that the United States was open to further talks with Beijing, but offered no immediate details on when they may occur.

"This is not an effort to constrain China, but this is an effort to work with China and say, 'It's time you address these unfair trade practices that we've identified that others have identified and that have harmed the entire trading system,'" the official said.

So far, China has either imposed or proposed tariffs on $110 billion of U.S. goods, representing most of its imports of American products.

"Tensions in the global economic system have manifested themselves in the U.S.-China trade war, which is now seriously disrupting global supply chains," the European Union Chamber of Commerce in China said in a statement on Tuesday.

China's yuan currency slipped 0.3 percent against the U.S. dollar in Asian trade on Tuesday. It has weakened by about 6.0 percent since mid-June, offsetting the 10 percent tariff rate by a considerable margin.

The latest U.S. move spared smart watches from Apple and Fitbit and other consumer products such as baby car seats. But if the administration enacts the additional tariffs on $267 billion in goods, it would engulf all remaining U.S. imports from China and Apple products like the iPhone and its competitors would not likely be spared.

The U.S. Trade Representative's office eliminated 297 product categories from the proposed tariff list, along with some subsets of other categories.

But the adjustments did little to appease technology and retail groups who argued U.S. consumers would feel the pain.

"President Trump´s decision...is reckless and will create lasting harm to communities across the country," said Dean Garfield, president of the Information Technology Industry Council, which represents major tech firms.

"Tariffs are a tax on American families, period," said Hun Quach," RILA's vice president for international trade.

"Consumers - not China - will bear the brunt of these tariffs and American farmers and ranchers will see the harmful effects of retaliation worsen."

Kenneth Jarrett, president of the American Chamber of Commerce in Shanghai, said three quarters of its members will be hit by the tariffs, and they will not bring jobs back to the United States.

"Most of our member companies are 'in China, for China' - selling goods to Chinese companies and consumers, not to Americans - and thus ultimately boosting the U.S. economy," Jarrett said. (Reporting by Steve Holland, David Lawder, Ginger Gibson, Eric Beech and David Shepardson; Additional reporting by Kevin Yao in TIANJIN, John Ruwitch in SHANGHAI and Michael Martina and Ryan Woo in BEIJING; Editing by Clive McKeef and Kim Coghill) </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.
China retaliates on the United States' latest tariff decisions by imposing tariffs of up to 25% on some American goods.