The administration of US President Donald Trump is fueling its economic conflict with China.
Citing Beijing’s decision to respond to the recent US tarrifs against China with own tarrifs, the White House vowed to to impose a 10 percent tariff on another $200 billion-worth of Chinese goods.
“China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,” Trump said in a statement. “Rather than altering those practices, it is now threatening US companies, workers and farmers who have done nothing wrong.”
The new $200 billion-worth tariff will be imposed if China implements ow tariff on US goods, which was announced last week.
Last week, the Trump administration announced tariffs on 1,102 separate categories of Chinese products, to go into effect on July 6. China responded by setting a 25 percent tariff on 545 US products including agriculture products, cars, and seafood. According to the Chinese media, 114 more product categories, including chemicals, medical equipment and energy industry products, will be announced later.