U.S. proposes tariffs on $50B in Chinese imports, including planes, robots and TVs
The Office of the U.S. Trade Representative today rolled out a list of $50 billion worth of Chinese-made goods that could be hit by import tariffs, marking the latest volley in what some fear could turn into a trade war.
The items range from components for spacecraft and aircraft, to robots and other industrial tools, to pharmaceuticals and medical supplies, to television sets, dishwashers and even sewing machine needles.
The 45-page, 1,300-item list was developed as a response to what the Trump administration says are China’s efforts to take unfair advantage of technologies and intellectual property developed in the U.S. Listed items could be subject to an added import duty of 25 percent.
The proposed tariffs won’t take effect until they undergo more than a month of public comment and review.
Trade officials said federal agencies checked the list to remove targets that could backfire on the U.S. economy. Nevertheless, the Retail Industry Leaders Association said it’s concerned about the potential impact, particularly when it comes to tariffs aimed at appliances, TVs and other consumer products.
“Tariffs on everyday consumer products will hit American wallets, not Chinese technology violators, and the presumption that any of these targeted products could be reasonably sourced elsewhere ignores the complexity of modern global value chains,” Hun Quach, RILA’s vice president of international trade, said in a statement.