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US President Donald Trump, who launched the global trade war, issued a $ 200 billion list of Chinese goods, which will result in a 10% tariff tax due to retaliation of China's previous tariffs.
US Trade Representative (USTR) announced the list of Chinese products to be taxed with an additional 10% customs tax, which Trump has prepared in accordance with the instructions of 18 June.
Nevertheless, he drew attention to the fact that an important part of the list consists of technology-intensive products that will harm the "Made in China 2025" initiative. The American business community and public comment would be finalized within 60 days in the light of comments
500 billion dollars
In a statement on the list, the US Trade Representative, Robert Lighthizer, said the United States had reacted to China's unfair activities last Friday. recalling that he began to apply 25 percent customs duties.
Lighthizer said: "China has threatened the United States with duties of 34 billion US dollars and tariffs in excess of 16 billion dollars." President Trump has mandated China to start a process of taxing 10% of Chinese imports of $ 200 billion to the USTR in exchange for any international legality and unexplained retaliation. "
Trump, in his statement last week, the Total value of the tariff will be worth $ 500 billion if the company announces it.
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