Trump preparing additional tariffs on $200B in Chinese goods

Shipping containers are seen piled up at a port in Qingdao

Tne Trump administration has announced additional China tariffs, say insiders.

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.

The move is the latest escalation of the ongoing trade war between Washington and Beijing. The proposed list of goods includes consumer items such as clothing, television components and refrigerators as well as other high-tech items, but it omitted some high-profile products like mobile phones. The following day, China imposed tariffs on a slew of American agricultural goods.

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Some countries have already announced retaliatory tariffs and other moves that US industries have said forced them to curb plans for expansion and investments overseas. China has vowed to retaliate dollar-for-dollar to any further USA tariffs. The global tally for retaliation against U.S. exports, including by Canada, Mexico and the European Union over steel and aluminum tariffs, will be some $75 billion, according to an analysis by the U.S. Chamber of Commerce.

US President Donald Trump is likely to publish this week a list of $200 billion in additional Chinese products to be hit with tariffs, possibly as early as later on Tuesday, an administration official said.

"For over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition", U.S. Trade Representative Robert Lighthizer said in an emailed statement.

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