World U.S. Poised to Publish $200 Billion China Tariff List

01:55  11 july  2018
01:55  11 july  2018 Source:   bloomberg.com

Auto Makers in the U.S. Brace for Additional Tariff From China

  Auto Makers in the U.S. Brace for Additional Tariff From China Amid escalating trade tensions, Beijing plans to slap an extra 25% tariff on U.S. auto imports this week. Ford and Tesla are among the auto makers that stand to be affected the most.Ford Motor Co. and Tesla Inc., as well as Germany’s BMW AG and Mercedes-Benz maker Daimler AG—which build premium sport-utility vehicles in the U.S. and ship them to China—stand to suffer the most. They will be forced to charge consumers more, or absorb the added costs, as their rivals take advantage of the reduced tariffs to lower prices.

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. The list could be released as soon as Tuesday, and likely this week, according to the people

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. The list could be released as soon as Tuesday, and likely this week, according to the people

(Bloomberg) -- 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.

The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn’t public. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.

Stock futures fell and yields on 10-year Treasuries declined on concern of a widening trade war.

a screenshot of a cell phone © Bloomberg   

The Trump administration on July 6 imposed 25 percent duties on $34 billion in Chinese imports, the first time the president has implemented tariffs directly on Beijing after threatening to do so for months. China immediately retaliated with duties on the same value of U.S. goods, including soybeans and cars.

Largest US business group attacks Trump on tariffs

  Largest US business group attacks Trump on tariffs <p>The U.S. Chamber of Commerce, the nation's largest business group and customarily a close ally of President Donald Trump's Republican Party, is launching a campaign on Monday to oppose Trump's trade tariff policies.</p>With some of America's tightest trading partners imposing retaliatory measures, Trump's approach to tariffs has unsettled financial markets and strained relations between the White House and the Chamber.

The publication of the list starts a weeks-long process that includes a public-comment period and hearings. Related Stories. U . S . Poised to Publish $ 200 Billion China Tariff List From bloombergquint.com | 22 min ago.

(Reuters) – U . S . President Donald Trump is preparing to publish a list of an additional $ 200 billion (£150.6 billion ) Trump last week said the United States may ultimately impose tariffs on more than 0 billion worth of Chinese goods – roughly the total amount of U . S . imports from China last year.

The U.S. is currently considering levying duties on a further $16 billion in Chinese goods, after a public hearing later this month. China has vowed to retaliate dollar-for-dollar to any further U.S. tariffs.

The new list would mark the latest escalation of the trade war between the world’s two biggest economies. Financial markets have so far shrugged off the first round of tariffs, which were long-telegraphed, with U.S. stocks up since Friday.

The press offices for the U.S. Trade Representative’s office and White House didn’t immediately comment when Bloomberg News contacted them.

Broad Upswing

The International Monetary Fund has warned that a full-blown trade war could undermine the broadest global upswing in years.

Trump last month asked the U.S. Trade Representative’s office to identify $200 billion of Chinese goods that could be hit with 10 percent tariffs. Since then, the president has said his administration could impose duties on virtually all Chinese imports into the U.S.

Industry would be given time to comment on any new levies before they take effect.

Trump has been considering tariffs against China since his officials concluded in March that Beijing violates U.S. intellectual-property rights, such as by forcing American firms to hand over technology.

--With assistance from Justin Sink and Randall Woods.


©2018 Bloomberg L.P.

These are the stocks a trade war could hurt the most .
Investors are worried about how a trade war could affect the stock market. Some companies’ shares could be hurt more than others’.&nbsp;Investors are worried about how a trade war could affect the stock market. Some companies’ shares could be hurt more than others’.

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