The US on Tuesday published a list of $200 billion (€170 billion) worth of Chinese goods that could soon be hit with tariffs. "This new round of proposed tariffs takes the fight onto yet another level from which it is going to be hard for either side to make a graceful retreat", said Eswar Prasad, former head of the International Monteary Fund's China division. The United States and China launched what Beijing called the "biggest trade war in economic history" Friday, July 6, imposing tariffs on billions of dollars of each other's goods amid a spiraling dispute over technology.
This most recent maneuver follows a threat President Trump made last month, and comes days after the USA and China imposed tit-for-tat tariffs on more than $30 billion in goods.
The U.S. complains that China uses predatory practices, including outright cybertheft, 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.
The Retail Industry Leaders Association, a lobby group representing the largest US retailers, said: "The president has broken his promise to bring 'maximum pain on China, minimum pain on consumers'".
"The president has broken his promise to bring 'maximum pain on China, minimum pain on consumers, ' and American families are the ones being punished", Hun Quach, vice president of worldwide trade for the Retail Industry Leaders Association, said in a statement following news of the new round of duties.
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Tne Trump administration has announced additional China tariffs, say insiders.
Chinese authorities implemented tit-for-tat tariffs on key U.S. exports into China, including some major agricultural products.
"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". China quickly responded by imposing tariffs on $34 billion in US products.
"I'm not sure that Trump feels pressure". "Unfortunately, China has not changed its behavior - behavior that puts the future of the USA economy at risk".
The official said the decision was not final and that the list of Chinese goods would not become final until after the public had a chance to comment.