China to slap additional tariffs on $16 billion of United States goods

Cars to be exported are seen at a port in Lianyungang Jiangsu province China

Cars to be exported are seen at a port in Lianyungang Jiangsu province China

"People really need to get used to a world with tit-for-tat tariffs in place between the two largest economies", said Wendy Cutler, a former USA trade negotiator.

With extra tariffs on 50 billion dollars worth of Chinese products, there is a continuing absence of a coherent path forward to address the trade dispute between the United States and China, Brilliant said, urging the two sides to "get back to the negotiating table to work towards solutions".

China's exports surged more than expected in July despite USA duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth.

"My expectation is that U.S. tariffs on $250 billion of imports from China will be in effect about a month prior to the November U.S. elections".

A weaker yuan, which marked its worst 4-month fall on record between April and July, may have taken the sting out of 25 percent tariffs on $34 billion exports to the United States.

While trade tensions are being ratcheting up, China's trade surplus with the USA stood at US$28.1 billion in July, close to the record-high in June, data released Wednesday showed.

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The country's Ministry of Commerce said on Wednesday that it will impose a tariff of 25% on 333 new imports items from the U.S., with metal and other products joining crude and other petroleum products on the list.

The tit-for-tat protectionist measures are poised to surge even higher, with the United States reviewing 10 per cent duties on a further US$200 billion in Chinese imports that it may even raise to 25 per cent after a comment period ends on Sept 6.

China has already retaliated with duties of its own, and has pledged to match the U.S. dollar for dollar with new tariffs.

China's exports soared in July, showing little impact from USA tariffs, as Washington finalises more duties on Chinese imports. Those new tariffs, totaling $16 billion, will be levied against 279 products, including motorcycles, steam turbines and railway cars.

Among the products removed from the earlier list on $16 billion of imports were shipping containers, including those used by freight companies. "The risk is that the USA administration's gamble to strong-arm China into giving into all U.S. demands without some compromise only leads to successive rounds of higher and higher tariffs". Over the weekend, Trump told a rally he holds the advantage over China, adding playing hardball on trade is "my thing". It would likely have to impose penalties on USA companies doing business in China to make up the difference. "They are aimed at fellow Americans", the economist said. "We have been very clear about the specific changes China should undertake".

This article was written by Damian Paletta, Amanda Erickson and David J. Lynch, reporters for The Washington Post.

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