Spoiled by war

11 July 2018 By Pete Sweeney, Gina Chon Follow @petesweeneypro

Team Trump is targeting another $200 bln of Chinese goods, from fish to chemicals, for 10 pct tariffs. Both countries are also trying to reassure businesses with talk of exemptions and subsidies. That just leads to more unhealthy and lasting government influence over industry.

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The Trump administration on July 10 released a list of Chinese imports valued at $200 billion that could be subject to a 10 percent tariff.

U.S. Trade Representative Robert Lighthizer said the decision was in response to retaliatory tariffs imposed by China on July 6, when a 25 percent U.S. tariff on $34 billion worth of Chinese imports also went into effect.

The list includes food, tobacco, coal, car tires, furniture, suitcases, carpets, bicycles and toilet paper.

The U.S. trade office will hold hearings in August. It also will consider comments submitted by the public before finalising the new proposed tariffs.

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