China Responds to Tariffs by Targeting These 128 U.S. Products

By The Daily Wire. Early Friday morning, China responded to the Trump administration’s tariffs by revealing that they are proposing tariffs on 128 U.S. products that had an import value of $3 billion in 2017.

The proposed tariffs come in response to Trump signing “an executive memorandum on Thursday that would impose retaliatory tariffs on up to $60 billion in Chinese imports,” CNBC reported . . .

In a memo from the White House on Thursday, Trump revealed that he had directed “the United States Trade Representative to determine whether to investigate China’s laws, policies, practices, or actions that may be unreasonable or discriminatory and that may be harming American intellectual property rights, innovation, or technology development.”

According to the statement, the Trade Representative advised Trump that the investigation supports the following findings:

First, China uses foreign ownership restrictions, including joint venture requirements, equity limitations, and other investment restrictions, to require or pressure technology transfer from U.S. companies to Chinese entities. China also uses administrative review and licensing procedures to require or pressure technology transfer, which, inter alia, undermines the value of U.S. investments and technology and weakens the global competitiveness of U.S. firms.

(Read more from “China Responds to Tariffs by Targeting These 128 U.S. Products” HERE)

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China Responds to Trump Tariffs With Proposed List of 128 US Products to Target

By CNBC. . . .China’s commerce ministry proposed a list of 128 U.S. products as potential retaliation targets, according to a statement on its website posted Friday morning.

The U.S. goods, which had an import value of $3 billion in 2017, include wine, fresh fruit, dried fruit and nuts, steel pipes, modified ethanol, and ginseng, the ministry said. Those products could see a 15 percent duty, while a 25 percent tariff could be imposed on U.S. pork and recycled aluminium goods, according to the statement.

The statement did not go into greater detail. U.S. agricultural products, particularly soybeans, have been flagged as the biggest area of potential retaliation by Chinese President Xi Jinping’s administration.

Beijing will take measures against the 128 U.S. goods in two stages if it cannot reach an agreement with Washington, the ministry said, adding that it could take legal action under World Trade Organization rules. (Read more from “China Responds to Trump Tariffs With Proposed List of 128 US Products to Target” HERE)

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