Trump raises tariffs on $200 billion of Chinese goods, prompting Chinese warning

U.S. and Chinese flags at the Qingdao free trade port area in China's Shandong province on May 8

U.S. and Chinese flags at the Qingdao free trade port area in China's Shandong province on May 8. Stringer AFP Getty Images

The move came less than 24 hours after Washington increased punitive duties on $200 billion worth of Chinese imports, raising them to 25 percent from 10 percent.

And tensions crackled when China detained an American Navy flight crew following the midair collision of a United States spy plane and a Chinese fighter in 2001.

"We believe that the decision made by the U.S. to raise tariffs is overly impulsive, but the USA knows that both the American and global public were hopeful about the prospects of China and the United States reaching a trade deal", Global Times said. China vowed retaliation, but hadn't announced any details as of early Sunday morning in Beijing.

The new increase applies to an even greater value of goods put at about Dollars 300 billion.

While Trump casts his tariffs as being paid for by China, they actually are paid by the American companies that bring a product into the U.S. This can help some U.S. producers, though, because it makes their goods more competitive pricewise.

Trump said Friday's talks were constructive and negotiations will continue while tariffs remain in place, though they could be lifted depending on how the situation progresses.

This means the earliest that additional new tariffs could be imposed is mid-to-late June, they said.

The trade negotiations in Washington between the United States and China did not lead to an agreement.

"Such an easy way to avoid Tariffs?".

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In a wide-ranging interview with Chinese media after talks in Washington ended Friday, Vice Premier Liu He laid out three differences between the two countries, which underscore the work still to be done if an accord is to be reached between the world's two biggest economies.

The message from the White House was that backsliding by Beijing over previously agreed liberalising trade reforms meant another $300bn of Chinese imports could soon be added to the list, which would effectively cover all imports to the U.S. from the world's second largest economy.

"That's a cost of about US$400 for every person in the United States", he wrote in a blog post Thursday.

Yang Delong, chief economist at First Seafront Fund Management in Shanghai, told AFP that the "sudden hardening" of Trump's tone is likely linked to the 2020 presidential election.

"Negotiations have not broken down, but rather on the contrary, this is only a normal twist in the negotiations between the two countries, it is inevitable", Liu said.

Republican-leaning business groups such as the U.S. Chamber of Commerce have warned that the tariffs threaten to derail the economy raise unemployment, but with economic growth at 3.2 percent last quarter and the unemployment rate at 3.6 percent, Trump isn't changing strategy now. He is heading back to Beijing where officials from both sides expect to hold more talks in the near future. But extending it to all trade would increase the economic and political stakes even further for Trump and American businesses. "China would greatly slow down, and we would automatically speed up!"

"While the administration is right to take on the serious trade challenges our country has with China, I have always been skeptical that the president will deliver for American workers without coordinating with our economic and political allies", Senator Ron Wyden of OR, the top Democrat on the Finance Committee, said in a statement on Friday.

"China clearly requires that the trade procurement figures should be realistic; the text must be balanced and expressed in terms that are acceptable to the Chinese people and do not undermine the sovereignty and dignity of the country", the People's Daily newspaper said in a commentary on Saturday.

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