US Just Ramped Up Trade War With China

White House announces another $200B in products to be hit with tariffs
By Rob Quinn,  Newser Staff
Posted Jul 11, 2018 3:29 AM CDT
US Announces Tariffs on $200B More in Chinese Goods
Imported nuts from the United States are displayed for sale at a hypermarket in Beijing, Wednesday, July 11, 2018.   (AP Photo/Andy Wong)

The US-China trade war is here—and it's escalating rapidly. US authorities rolled out a list Tuesday of some $200 billion in Chinese goods that could be hit with 10% tariffs by September, Deutsche Welle reports. The list of more than 6,000 product lines includes food products and many consumer goods, raising fears that the escalation could raise prices significantly for American shoppers, the Wall Street Journal reports. China hit back with its own tariffs on $34 billion in American goods after the US brought in tariffs on the same amount of Chinese goods last week, and Beijing has signalled that it will continue raising tariffs dollar for dollar. No talks are scheduled to resolve the dispute, which the US side blames on unfair Chinese practices.

The latest US tariffs were condemned by Senate Finance Committee Chairman Orrin Hatch, among others, who called the move "reckless." China Ministry of Commerce said it was shocked by the escalation, the South China Morning Post reports. "China is shocked by the US move and the Chinese government, as always, will have to react to defend the core interests of our nation and people," the ministry said. Li Chenggang, assistant minister of commerce, likened the US to a "bull in a China shop" and said tit-for-tat tariffs would "inevitably destroy" US-China trade. (More tariffs stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.