Trump Administration Threatens Even Higher Tariffs On China

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Deputy trade ministers from the European Union, Canada, Mexico, Japan and South Korea are concerned that Trump may impose tariffs on foreign imports of cars and auto parts if the U.S. Commerce Department finds that they pose a threat to national security.

"U.S. pressure and blackmail won't have an effect".

The highest penalties on the new list would be imposed on honey, vegetables, mushrooms and chemicals, targeting farming and mining areas that supported President Donald Trump in the 2016 election.

Chinese Foreign Ministry Spokesperson Geng Shuang said on Thursday that China will advise the USA to change its attitude, stop making false accusations, and return to the land of reason.

White House press secretary Sarah Huckabee Sanders told reporters Friday that "instead of retaliating, China should address longstanding concerns about its unfair trading practices".

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The U.S. imposed 25 percent tariffs on an initial $34 billion of imports from China on July 6, which then led China to respond with similar sized tariffs on U.S. products, according to Reuters.

Asked about communication between the two countries on the dispute, Geng said China had "always upheld using dialogue and consultations to handle trade frictions", but that dialogue must be based on mutual respect and equality.

Trump said last month that he's willing to impose tariffs on every good imported from China, which totaled more than $500 billion previous year.

White House proposes raising tariffs on $200 billion in Chinese imports to 25 pct. from 10 pct. Because China imports far less from the US than the USA imports from China, it can't keep up tit-for-tat tariffs.

Administration officials at the time said the tariff fight was aimed at forcing China to stop stealing American intellectual property and to abandon policies that effectively force USA companies to surrender their trade secrets in return for access to the Chinese market. China immediately responded with its own tariffs on USA goods worth $34 billion.

China calls on United States to be ‘cool-headed’ in trade war
Last month, the administration imposed a 25 percent tariff on $34 billion worth of Chinese goods, mostly machines and components. China says the United States is trying to stop the rise of a competitor and it has imposed its own tariffs on USA goods.

While a trade dispute is obviously not comparable to a shooting war, the current U.S.

Increasing the rates to 25 percent could make them significantly more painful. But Trump has urged patience, promising his approach will work if lawmakers and business leaders fall in line and give him more time to negotiate. "The cost increases will be passed on to customers, so it will affect most Americans pocketbooks".

The Trump administration ratcheted up pressure for trade concessions from Beijing this week by proposing a higher 25 per cent tariff on $200 billion worth of Chinese imports.

Beijing's earlier round of tariffs appeared created to minimize the impact on the Chinese economy by targeting soybeans, whiskey and other goods available from Brazil, Australia and other suppliers.

It typically has taken several weeks after the close of public comments for the tariffs to be activated. A hearing on the levies is scheduled for August 20-23.

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