President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter.
Scott Lincicome, a trade lawyer for the group Republicans Fighting Tariffs, said tariffs on $200 billion would amount to a "multibillion-dollar tax on American businesses and families" and prompt China to retaliate against American exporters.
Beijing, meanwhile, has unveiled measures to help Chinese companies absorb the USA trade blows, pledging to funnel money collected from its own import levies to firms and workers tangled in the escalating trade war.
The United States complains that China uses predatory practices in a push to challenge American technological dominance.
"For many years, China has pursued abusive trading practices with regard to intellectual property and innovation", Mr. Lighthizer said in a statement on Tuesday.
On Tuesday, the Office of the US Trade Representative proposed 10 percent tariffs on a list of 6,031 Chinese product lines.
Get 4 months of Amazon Music Unlimited for just $0.99
And if you cancel your subscription when the 90 days are up, you don't have to pay a single penny more. It should also be noted that Amazon in its Prime Day sale will launch around 200 exclusive products.
NATO Braces For Trump, White House Says Business As Usual
A total of 40% of those surveyed expressed a negative attitude towards the USA , while 29% said they viewed America positively. But Hutchinson, and the USA ambassador to Russia Jon Huntsman, gave upbeat assessments of the upcoming meetings.
Trump 'very close' to decision on Supreme Court pick
A spokeswoman for Heitkamp said the North Dakota senator was invited to the White House announcement "but isn't able to attend". President can make is the selection of a Supreme Court Justice - Will be announced tonight at 9:00 P.M", the president tweeted.
The goal is to bring the total amount of Chinese imports up to 40 per cent of the total imported from the Asian power, since the USA products hit by Beijing's retaliation represent that share of exports, an official told reporters in a conference call. Rather than address our legitimate concerns, China has begun to retaliate against US products. Financial markets have so far shrugged off the first round of tariffs, which were long-telegraphed, with US stocks up since Friday. Consumers, businesses and the American jobs dependent on trade, are left in the cross-hairs of an escalating global trade war, said Hun Quach, the head of worldwide trade policy for the group.
"Tariffs on such a broad scope of products make it inconceivable that American consumers will dodge this tax increase as prices of everyday products will be forced to rise". "Reliance on more and more taxes as a means to drive change is a high-risk strategy with US importers and exporters at the heart".
"This is where a painful situation gets more painful", said Phil Levy, a former White House economist in the George W. Bush administration.
Trump authorized an initial $50 billion in tariffs - including the $34 billion that took effect Friday - to match those losses.
In addition, the USA is considering separate duties on a further US$16 billion in Chinese goods, after a public hearing later this month.
"Xi Jinping and the Communist Party do not face midterm elections in November", Rank said of the Chinese president, who is no longer bound by term limits.