FILE- In this March 27, 2018, photo, people record the reveal of the new iPad during an Apple event at Lane Technical College Prep High School in Chicago. The Trump administration’s hit list of Chinese products facing import taxes includes key components used in gadgets that can be wirelessly operated through a smartphone or another device. The tariffs also will nail networking equipment that makes the internet work. Trump has also threatened to impose tariffs on a total of $500 billion worth of Chinese items. That could affect major technology products such as Apple’s iPhones, which are assembled in China. (AP Photo/Charles Rex Arbogast, File)

Trump going ahead with taxes on $16B in Chinese imports

August 07, 2018 - 4:33 pm

WASHINGTON (AP) — The Trump administration announced Tuesday that it will go ahead with imposing 25 percent tariffs on an additional $16 billion in Chinese imports.

Customs officials will begin collecting the border tax Aug. 23, the Office of the U.S. Trade Representative said. The list is heavy on industrial products such as steam turbines and iron girders.

The new taxes are in addition to 25 percent tariffs that took effect July 6 on $34 billion in Chinese products. China has responded with retaliatory tariffs of its own.

The administration is preparing tariffs of up to 25 percent on an additional $200 billion in Chinese products. And President Donald Trump has threatened to impose tariffs on virtually everything China sells to the United States. Chinese imports of goods and services into the United States last year amounted to nearly $524 billion.

The world's two biggest economies are locked in a trade dispute over Washington's charges that China uses predatory tactics in a drive to supplant U.S. technological supremacy. The alleged tactics include cyber-theft and a requirement that American companies hand over trade secrets in exchange for access to the Chinese market.

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