Sentences with phrase «trading targeted tariffs»

China and the U.S. are trading targeted tariffs on each others» goods.

Not exact matches

WASHINGTON / BEIJING, April 4 - President Donald Trump's administration said on Wednesday talks with Beijing could resolve an escalating U.S. - China trade fight after China retaliated against U.S. proposals to slap tariffs on $ 50 billion in Chinese goods by targeting key American imports with similar duties.

Earlier Wednesday, China announced additional tariffs on 106 U.S. products, less than 24 hours after President Donald Trump unveiled a list of Chinese imports that his administration aims to target as part of a crackdown on what he deems unfair trade practices.

Reports on Tuesday said President Donald Trump's administration is considering a trade package including tariffs on $ 60 billion worth of Chinese goods, which may target the tech and telecommunications sectors — among others — in China.

Markets have been on edge in recent sessions amid concerns of a potential trade war between China and the U.S.. On Wednesday, China announced fresh tariffs on 106 U.S. products, including cars, whiskey and soybeans — less than 24 hours after the U.S. administration issued a list of Chinese imports that it would target.

The anti-protectionism comments come as market sentiment sours with signs of a looming trade war between the United States, China and Europe over U.S. President Donald Trump's plans to raise tariffs on steel and aluminium imports, and possibly up to $ 60 billion worth of Chinese imports, targeting technology and telecommunications sectors.

WASHINGTON — The Trump administration this week will unveil the list of Chinese imports targeted for US tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world's two largest economies.

China has denied that its laws require technology transfers and has threatened to retaliate against any US tariffs with trade sanctions of its own, with potential targets such as US soybeans, aircraft, or heavy equipment.

There was no indication of the size and scope of the tariffs, which U.S. Trade Representative Robert Lighthizer said on Wednesday would target China's high - technology sector and could also include restrictions on Chinese investments in the United States.

Exempt fairly - traded steel and aluminum, suggests Rep. Kevin Brady (R - Texas), talking about a targeted approach to tariffs as uncertainty swirls around trade talks.

China has denied that its laws require technology transfers and has threatened to retaliate against any U.S. tariffs with trade sanctions of its own, with potential targets such as U.S. soybeans, aircraft or heavy equipment.

WASHINGTON (Reuters)- The Trump administration this week will unveil a list of advanced technology Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world's two largest economies.

In the past decade, the US had been ramping up the use of targeted tariffs to help protect the US steel industry from unfair trading practices, which include selling steel in the United States at a cheaper price than the price the exporting country sells it elsewhere (this is called «dumping»).

Editor's note: This article has been updated to clarify that while China is a frequent target of the administration's rhetoric on trade and will be affected by the tariffs, other countries will likely feel a greater impact.

US President Donald Trump's decision to levy import tariffs on steel and aluminium typifies the administration's scattergun approach to trade policy: many victims, a lot of friendly fire and hitting all the wrong targets.

This suggests that China is the primary target of the steel tariffs, buttressed by the other punitive measures the U.S. has taken against its biggest trading partner.

China currently accounts for half of the US non-oil trade deficit and, while Trump's initial tariff tantrum missed the mark on curtailing this deficit, it's likely that subsequent tariffs will directly target China.

Since then, the White House has announced another trade measure targeted at China that would place tariffs on at least $ 50 billion worth of products imported to the United States and would restrict investment flows between the two economic giants.

This includes bringing important trade agreements — like NAFTA — into the 21st century, as well as ensuring that the President's recently announced steel and aluminum tariffs are targeted to address national security and unfair trade while not harming other sectors of our economy.»

Politico reported that «U.S. Trade Representative Robert Lighthizer presented Trump with a package of tariffs that would target the equivalent of $ 30 billion a year in Chinese imports.

Now, the Trump administration is considering imposing new tariffs on steel imports, and while China is often the suggested target of such policies, another critical trading partner for the US would also be affected: the European Union.

The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to further intensify trade tensions between the world's two largest economies.

So while I doubt that neither China nor the U.S. would be interested in a complete trade war, the likely options for China are to also look at what they import from the U.S. and selectively increase tariffs for targeted industries.

China has never surrendered to external pressure and it will win any trade war with the United States, the nation's state media stressed in a series of editorials and columns in the hours after the world's two top economies targeted each other with steep tariffs.

It is the first step in a plan by developed countries (they have been quite open about it) to get developing countries to put their mitigation targets as commitments in national schedules, similar to the tariff schedules in the World Trade Organisation.

The US will levy trade tariffs on China this week designed to target «largely high - technology products.»