US finalizes next China tariff list targeting $16 bln in imports

U.S.-China trade war update Motorcycles and railway cars are among the $16 billion in items U.S. is targeting next

The Trump administration unveiled a list of about United States dollars 16 billion worth of imports from China that will be hit by 25 percent tariffs starting August 23, CNN reports. The decision follows Washington's announcement Tuesday that it will implement levies on $16 billion of Chinese products starting from the same date.

Announcing the new duties, the US Trade Representatives Office: "China directs and unfairly facilitates the systematic investment in, and acquisition of, US companies and assets to generate large-scale technology transfer".

Beijing has called on USA officials to be "cool headed", but said last week it would impose duties on an additional $60bn in U.S. goods, a threat the White House dismissed as "weak". "We will see a full-month tariff effect in August", Iris Pang, greater China economist at ING Wholesale Banking in Hong Kong, told Bloomberg News.

It has not yet given a date for its previously announced retaliatory tariffs on $16 billion in us goods, which will target commodities such as crude oil, natural gas, coal and some refined oil products.

The dispute has continued to escalate, with Trump last week threatening to raise to 25% from the planned 10% tariffs on the next $200bn in Chinese imports his administration plans to target.

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Even as a trade war brews between the two nations (see the full timeline), exports from China to the USA rose by double digits in July, the Associated Press reported.

The latest commentary from state media took a softer line after resorting to personal attacks against Trump earlier in the week, saying China could get through the storm but not directly mentioning the USA president.

China has already retaliated against the United States with its own tariffs and proposed others if Washington goes ahead with carrying out all its threats.

After receiving public feedback, it cut 515 products from the list in June and added 284.

USTR removed a handful of items from its original list after a 46-day public comment and review period found they would cause "severe economic harm". The final tariff list does, however, include railway equipment.

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