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WASHINGTON (Reuters) - The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative’s office said on Tuesday as it published a final tariff list targeting 279 imported product lines. The action is the latest by U.S. President Donald Trump to put pressure on China to negotiate trade concessions after imposing tariffs on $34 billion in goods last month. China has vowed to retaliate to an equal degree. The latest $16 billion list will hit semiconductors from China, even though many of the basic chips in these products originate from the United States, Taiwan or South Korea.
The 25 percent tariffs university of iowa hawkeyes 3-piece cushion gift set cufflinks also will apply to a broad range of Chinese electronics, plastics, chemicals and railway equipment that the Office of the U.S, Trade Representative (USTR) has said benefit from the “Made in China 2025” industrial plan, aimed at making China competitive in high-technology industries, The Semiconductor Industry Association expressed disappointment at USTR’s decision to keep the sector on the tariff list, “We have made the case to the administration, in the strongest possible terms, that tariffs imposed on semiconductors imported from China will hurt America’s chipmakers, not China’s, and will do nothing to stop China’s problematic and discriminatory trade practices,” SIA President John Neuffer said in a statement..
USTR removed a handful of items from its original list after a 46-day public comment and review period found they would cause “severe economic harm.”. These were intermodal shipping containers, floating docks, splitting and slicing machines used with wood, bone and hard plastics, extremely thin slicing tools known as microtomes, and alginic acid, derived from seaweed and used in pharmaceuticals, textile printing and dental impressions. The latest list brings the total Chinese imports that face a 25 percent tariff to about $50 billion in a rapidly escalating trade war that could eventually slap duties on all goods traded between the world’s two largest economies.
BEIJING (Reuters) - The Chinese commerce ministry is seeing a “serious” churn in staffing, partly due to low salaries, state-backed tabloid Global Times reported, citing recent inspections by the country’s anti-graft watchdog, The report on staff turnover comes as China’s trade war with the United States grows increasingly acrimonious, with little sign of compromise, Over three months, Beijing has announced plans university of iowa hawkeyes 3-piece cushion gift set cufflinks to impose tariffs on about $110 billion of U.S, imports, some of which were implemented last month..
Checks at the commerce ministry by the Central Commission for Discipline Inspection (CCDI) have identified problems in recruitment and sustaining talent, said the Global Times, which is published by the ruling Communist Party’s People’s Daily. Daily supervision has been “weak” and turnover “serious”, the tabloid reported late on Tuesday, citing a notice from the CCDI. The inspections were part of wider CCDI checks at other government agencies and eight state-owned companies.
The ministry did not immediately respond to a university of iowa hawkeyes 3-piece cushion gift set cufflinks faxed request for comment, The Global Times made no reference to the Sino-U.S, trade war, Washington said on Tuesday that it is set to begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug, 23, The Chinese commerce ministry has not yet given a date for its previously announced retaliatory tariffs on the U.S, move, The latest list brings the total Chinese imports that face a 25 percent tariff to about $50 billion, President Donald Trump has also threatened similar duties on another $200 billion worth of Chinese goods, and possibly more, in his administration’s quest for changes to China’s intellectual property, market access and industrial subsidy policies..
BEIJING (Reuters) - China’s iron ore imports rebounded in July, customs data showed on Wednesday, buoyed by record steel production and strong margins as official measures to cut pollution curb the output of cheaper products from small mills. The world’s top iron ore importer bought 89.96 million tonnes of the steel making raw material last month, according to the General Administration of Customs, up from June’s 83.24 million tonnes and 88.66 million tonnes in July last year. Shipments for the first seven months of this year fell 0.7 percent from a year ago to 620.65 million tonnes, the customs data showed.
China, the world’s leading steelmaker, churned out a record 80.2 million tonnes of crude steel last month, just shy of the 81.6 million university of iowa hawkeyes 3-piece cushion gift set cufflinks tonnes the United States produced in whole of 2017, Profit margins at Chinese steel mills have reached near- record levels around 1,100 yuan ($161.24) a ton, supported by ongoing capacity cutting and environmental crackdowns, Demand from traders for iron ore was still strong, especially given an escalating U.S.-China trade row and a weakening yuan, said Cao Ying, chief steel analyst at SDIC Essence Futures..