Trump vows to impose tariffs on more Chinese goods

The White House reportedly had a private meeting with tech industry representatives last week.                  Daniel Terdiman  CNET

The Trump administration announced an expected second, $16 billion tranche of tariffs on Chinese goods Tuesday, bringing the total amount of Chinese exports subject to new US tariffs to $50 billion.

March 22:Trump announces plans to hit$50 billion worth of Chinese goods with a 25% tariff.China announces tariffsin retaliation to the steel and aluminum duties and promises a response to the latest U.S. announcement.

Negotiations broke off after the Trump administration imposed the tariffs on $34 billion in Chinese imports, a move the Chinese said would void any promises they'd made in negotiations.

China fired back with its own warning and said it would impose duties on $60 billion of USA goods.

The office said the move is part of the USA response to China's unfair trade practices related to the forced transfer of American technology and intellectual property.

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China's announcement is a direct response to new duties on Chinese goods imported into the United States, announced Tuesday in Washington.

The tariffs are aimed at industrial, rather than consumer, imports.

China's trade with the US also continued to rise in July despite the tariffs, with exports up 11.2 percent year-on-year, and imports increasing 11.1 percent.

The Trump administration has accused China of unfair trade practices, and President Donald Trump has long vowed to bring down the United States' trade deficit in goods with Beijing.

China's closely watched surplus with the United States dipped only slightly to $28.09 billion last month from a record $28.97 billion in June.

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Americans import far more from China than the other way around, however, meaning Beijing may at some point need to look for other means of retaliation.

Mr Trump has said he would be willing to hit all of China's imports with duties.

"With each successive round of tariffs, Trump continues to back China into a corner, forcing Beijing to respond in kind", said James Zimmerman, a partner in the Beijing office of global law firm Perkins Coie and a former chairman of the American Chamber of Commerce in China.

China's imports rose 27.3 percent year-on-year in July, in a sign domestic demand remains solid, but the worry is that the escalating Sino-U.S. trade war, rising corporate bankruptcies, and a steep decline in the yuan could put a significant dent on the economy.

Front page commentary published across all state newspapers by the official Xinhua news agency said: "Certain people go against the tide for their own private ends and go against morality; the barrier of tariffs wantonly rise, and the stick of hegemony is raised all around".

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