WASHINGTON (Reuters) - The United States will begin collecting tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative’s office said on Tuesday as it published a final tariff list targeting 279 import product lines.

USTR said that only five product lines were deleted from a list initially proposed on June 15, but semiconductors, among the largest categories, remained on the list.

The latest list brings to about $50 billion in goods that now face a 25 percent tariff that U.S. President Donald Trump has imposed on Chinese imports in an escalating trade war over China’s intellectual property practices and industrial subsidy policies. China has vowed to match Washington’s tariff moves with duties on an equivalent worth of U.S. products.</s>WASHINGTON, Aug 7 (Reuters) - The United States will begin collecting tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 import product lines.

USTR said that only five product lines were deleted from a list initially proposed on June 15, but semiconductors, among the largest categories, remained on the list.

The latest list brings to about $50 billion in goods that now face a 25 percent tariff that U.S. President Donald Trump has imposed on Chinese imports in an escalating trade war over China's intellectual property practices and industrial subsidy policies. China has vowed to match Washington's tariff moves with duties on an equivalent worth of U.S. products. (Reporting by David Lawder; editing by Jonathan Oatis)</s>
• The Trump administration announced the second tranche of tariffs on Chinese goods will go into effect August 23.
• The tariffs will hit $16 billion worth of Chinese goods coming into the US.
• The goods are mostly industrial products ranging from chemicals to tractors.
• Here’s the full list of goods that will be hit.

The second tranche of President Donald Trump’s tariffs on Chinese goods will go into effect August 23, according to the administration, and the restrictions will hit a slew of items.

The final list of goods released by the US Trade Representative will apply to roughly $16 billion worth of items coming into the US, bringing the total amount of Chinese goods subject to the Section 301 tariffs up to $50 billion.

The tariffs are designed to avoid consumer goods, instead focusing on machinery, chemicals, and other industrial items. In particular, the USTR has said that the list is supposed to hit industries identified in Beijing’s Made in China 2025 plan. The plan is designed to help boost Chinese businesses in certain high-growth industries like tech and manufacturing.

Despite the focus on industrial goods, many economists say that the increased costs for American manufacturers will eventually be passed down to consumers in the form of higher prices.

While businesses had the chance to comment on the initial list, released in July, there are only five items that were ultimately dropped from the original. Those items that were spared from the tariffs are:
• Machines for splitting or slicing wood, cork, bone, or similar hard materials

Here’s some of the major categories to be hit with the new tariff:
• Polymers used in things such as clear plastic wrap and Styrofoam coolers
• Plates, sheets, film, foil, and strips of various plastics and polymers
• Bridges or bridge parts made of iron or steel
• Agricultural equipment such as irrigation systems and seeders
• Measuring equipment for everything from electrical currents to liquid supply

And here’s the full list of goods from the USTR:</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>
• 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>
• The Trump administration announced the second tranche of tariffs on Chinese goods will go into effect August 23.
• The tariffs will hit $16 billion worth of Chinese goods coming into the US.
• The goods are mostly industrial products ranging from chemicals to tractors.
• Here's the full list of goods that will be hit.

The second tranche of President Donald Trump's tariffs on Chinese goods will go into effect August 23, according to the administration, and the restrictions will hit a slew of items.

The final list of goods released by the US Trade Representative will apply to roughly $16 billion worth of items coming into the US, bringing the total amount of Chinese goods subject to the Section 301 tariffs up to $50 billion.

The tariffs are designed to avoid consumer goods, instead focusing on machinery, chemicals, and other industrial items. In particular, the USTR has said that the list is supposed to hit industries identified in Beijing's Made in China 2025 plan. The plan is designed to help boost Chinese businesses in certain high-growth industries like tech and manufacturing.

Despite the focus on industrial goods, many economists say that the increased costs for American manufacturers will eventually be passed down to consumers in the form of higher prices.

While businesses had the chance to comment on the initial list, released in July, there are only five items that were ultimately dropped from the original. Those items that were spared from the tariffs are:
• Machines for splitting or slicing wood, cork, bone, or similar hard materials

Here's some of the major categories to be hit with the new tariff:
• Polymers used in things such as clear plastic wrap and Styrofoam coolers
• Plates, sheets, film, foil, and strips of various plastics and polymers
• Bridges or bridge parts made of iron or steel
• Agricultural equipment such as irrigation systems and seeders
• Measuring equipment for everything from electrical currents to liquid supply

And here's the full list of goods from the USTR:</s>WASHINGTON (REUTERS) - The United States will begin collecting tariffs on another US$16 billion (S$22 billion) in Chinese goods on Aug 23, the US Trade Representative's office said on Tuesday (Aug 7) as it published a final tariff list targeting 279 import product lines.

USTR said that only five product lines were deleted from a list initially proposed on June 15, but semiconductors, among the largest categories, remained on the list.

The latest list brings to about US$50 billion in goods that now face a 25 per cent tariff that US President Donald Trump has imposed on Chinese imports in an escalating trade war over China's intellectual property practices and industrial subsidy policies.

China has vowed to match Washington's tariff moves with duties on an equivalent worth of US products.</s>(Bloomberg) — The U.S. said it will begin imposing 25% duties on an additional $16 billion in Chinese imports in two weeks, escalating a trade war between the world’s two biggest economies.

Customs will begin collecting the duties on 279 product lines, down from 284 items on the initial list, as of Aug. 23, the U.S. Trade Representative’s Office said in an emailed statement on Tuesday.

It will be the second time the U.S. slaps duties on Chinese goods in about the past month, despite complaints by American companies that such moves will raise business costs and eventually consumer prices. The U.S. levied 25% duties on $34 billion in Chinese goods on July 6, prompting swift in-kind retaliation from Beijing. China has vowed to strike back again, dollar-for-dollar, on the $16 billion tranche.

The total could increase soon. The USTR is reviewing 10% tariffs on a further $200 billion in Chinese imports, and is even considering raising the rate to 25%. Those duties could be in place after a comment period ends on Sept. 5.

President Donald Trump has suggested he may tax effectively all imports of Chinese goods, which reached more than $500 billion last year.

Over the weekend, Trump said he had the upper hand in the trade war, while Beijing responded through state media by saying it was ready to endure the economic fallout.

The U.S. and China have been trying to restart high-level talks that broke off after Trump followed through on his tariff threats. Representatives of Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage in negotiations, according to two people familiar with the efforts.

The two sides held three rounds of formal talks, beginning with a delegation to Beijing led by Mnuchin in May. After Liu visited Washington later that month, the nations released a joint statement pledging to reduce the U.S. trade deficit with China, among other things. But within days, Trump himself backed away from the deal, saying talks would “probably have to use a different structure.”

Negotiations broke off after the Trump administration imposed the tariffs on $34 billion in Chinese imports, a move the Chinese said would void any promises they’d made in negotiations.

Trump’s mission to reduce the U.S. trade deficit via the threat of tariffs has brought him into conflict with China as well as U.S. allies, roiling financial markets and raising fears of a global trade war the International Monetary Fund has warned may undermine the strongest economic upswing in years.</s>The Trump administration has finalized its second set of tariffs against China, marking the latest move in an escalating trade war between two of the world’s leading economies.

According to the Office of the U.S. Trade Representative, approximately $16 billion worth of Chinese imports will be subject to levies of 25 percent — more than double the 10 percent initially threatened by President Donald Trump.

The list, which contains 279 of the original 284 tariff lines announced on June 15, primarily impacts industrial products. Although tariffs won’t hit footwear, they will affect select handbags, travel products and other accessories.

Customs and Border Protection officials will begin collecting the additional duties on August 23.

On Sunday, Trump took to Twitter to defend his trade policy. “Tariffs are working big time,” he wrote. “Every country on earth wants to take wealth out of the U.S., always to our detriment. I say, as they come,Tax them. If they don’t want to be taxed, let them make or build the product in the U.S. In either event, it means jobs and great wealth…..”

He added: “..Because of Tariffs we will be able to start paying down large amounts of the $21 Trillion in debt that has been accumulated, much by the Obama Administration, while at the same time reducing taxes for our people. At minimum, we will make much better Trade Deals for our country!”

The tariffs come a month after the imposed 25 percent levies on $34 billion in Chinese goods went into effect, prompting Beijing to threaten duties ranging from 5 percent to 25 percent on 5,207 categories of American goods.

“If the U.S. takes unilateral and protectionist measures that harm Chinese interests, we will respond immediately by taking the necessary decisions to safeguard our legitimate rights and interests,” Chinese foreign ministry spokesperson Geng Shuang said then.

Matt Priest, president of Footwear Distributors & Retailers of America, told FN at the time that trade wars would adversely affect American businesses and consumers. “The president claimed that trade wars are easy to win, but what our industry has always known is coming true: Trade wars are costly, unnecessary and do harm to the American economy,” Priest explained, adding that the administration should show “real leadership and declare a cease-fire to this self-inflicted conflict.”

Moody’s Report: $500B in Tariffs on Chinese Imports Would Be a ‘Credit Negative’ for US Footwear Firms

Trump Declares Tariffs Are the ‘Greatest’ Ahead of Trade Meeting</s>The office of US Trade Representative Robert Lighthizer said today there were 279 new goods to be targeted in the dispute over China's policies, which American officials say promote the theft of American technology

President Donald Trump's administration announced today that 25 per cent tariffs would be in place on USD 50 billion in Chinese goods starting August 23. Washington had already imposed tariffs on USD 34 billion on July 6 but held off on a final USD 16 billion in goods as a result of concerns from US companies.

The office of US Trade Representative Robert Lighthizer said today there were 279 new goods to be targeted in the dispute over China's policies, which American officials say promote the theft of American technology.

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The Office of the United States Trade Representative publishes its finalized list of 279 Chinese goods, worth $16 billion, to be subject to a 25% tariff from August 23.