China vows retaliation for latest $200bn United States tariff threat

Trump Announces New Taxes on TVs and Air Conditioners

President Donald Trump's administration has released a list of proposed tariffs on United States dollars 200 billion worth of Chinese goods, affecting a wide range of sectors and including seafood products. The business group says European companies that export from China are changing the global flow of their goods to avoid higher American tariffs in a sign of the spreading impact of the U.S.

It also includes consumer goods ranging from vehicle tires, furniture, wood products, handbags and suitcases, to dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products.

The US Chamber of Commerce, which has supported Trump's tax cuts and efforts to reduce regulation of businesses, also criticised the administration's move.

This most recent maneuver follows a threat President Trump made last month, and comes days after the USA and China imposed tit-for-tat tariffs on more than $30 billion in goods.

Washington chose to impose the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement, senior administration officials said on Tuesday.

"We will take firm and forceful measures", Hua Chunying, a Chinese Foreign Ministry spokesperson, said of the latest round of tariffs but gave no other details of what exactly Beijing plans to do in response.

The tariffs will not be imposed until after a two-month period of public comment on the proposed list, but some United States business groups and senior lawmakers were quick to criticize the move. Malmström says its "well known" that the USA agriculture sector is one of the "few groups with political clout to bring about change in Washington", adding "it's no coincidence" that the EU, Mexico and Canada are targeting US agriculture products in response to the Trump steel and aluminum tariffs.

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The list covers some $200 billion in Chinese exports that could be hit by a 10 percent tariff. Before now, the administration had scrupulously avoided slapping tariffs on consumer goods in order to spare USA shoppers from direct economic pain.

He said the plastics industry needs a "reliable, rational approach to trade". In a statement, it called the US actions "completely unacceptable".

The additional tariffs could affect as much as $468bn in trade between the two countries, with the possibility of an ever more expansive levies that US President Donald Trump threatened to impose on China. "They're getting increasingly anxious about where this is all going", Ed Brzytwa, director of worldwide trade for the American Chemistry Council, which represents chemical companies, told the BBC on Tuesday before the latest measures were announced.

"China has no option but to fight fire with fire".

The Trump administration's latest shot in the trade war with China has sent shudders through global financial markets.

On top of this, these tariffs are eliminating numerous economic gains created by last year's tax reform.

The United States complained China used predatory practices in a push to challenge American technological dominance. "So, now he's fighting two wars and that's a bit complicated", Tal said.

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