Trump administration threatens tariffs on another $200 billion in Chinese imports

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US President Donald Trump has said he may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly the total amount of US imports from China previous year.

US President Donald Trump ordered his government to prepare tariffs on a further US$200bn of imports from China on Monday.

A senior administration official told Fox News that China has been "non-responsive" to USA actions and has insisted that Beijing does not see any way America has been hurt by Chinese policies. It's unclear what that action could include.

On Tuesday, the Office of the US Trade Representative proposed implementing 10 percent tariffs on a whopping 6,031 types of Chinese goods, including a range of food products and consumer electronics.

The Trump administration is preparing another round of tariffs on Chinese goods worth $200 billion, ramping up the US-China trade war. There have been no confirmed high-level talks between to two sides since early an early June visit to Beijing by U.S. Commerce Secretary Wilbur Ross that achieved no breakthroughs.

China imposed its tariffs last Friday in retaliation for USA tariffs on Chinese goods.

Trump's latest action will hit consumer products, which were spared from the first import levies.

"Although I have supported the administration's targeted efforts to combat China's technology transfer regime, tonight's announcement appears reckless and is not a targeted approach", Hatch said in a statement. The US has suggested that it may ultimately impose tariffs on $500 billion worth of Chinese goods, or roughly the entire amount of US imports from China.

China's commerce ministry said on Wednesday it was "shocked" and would complain to the World Trade Organisation, but did not immediately say how it would retaliate.

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Chinese officials are expected to retaliate in other ways, hitting USA firms in China with unplanned inspections, delays in approving financial transactions and other administrative headaches.

After the list was released, China's Commerce Ministry said in a statement that it could not accept the additional tariffs proposed by the USA, adding that it was "shocked" by the decision.

The tariffs could take effect after public consultations end on August 30, according to a statement from the US Trade Representative's office on Tuesday.

"Right now, world trade is relatively chaotic".

"The behavior of the United States is hurting China, hurting the world, and hurting itself", the ministry said in a statement, adding that it was "shocked" by U.S. actions.

Unfortunately for markets, no end is in sight, with further retaliatory levies nearly certain to be enacted by China in the coming days or weeks.

The trade conflict between Beijing and Washington is already boosting grain and oilseed exports from the Black Sea region, where major sellers including Russia, Ukraine and Kazakhstan are looking to sell more corn, wheat and soybean to the huge Chinese market.

Orrin Hatch, the Republican Senate Finance Chairman, condemned the move as "reckless" and not "targeted", while USA stock index futures fell in early Asian trading.

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