US proposes punitive tariffs targeting $50 billion worth of Chinese imports
http://www.dw.com/en/us-proposes-punitive-tariffs-targeting-50-billion-worth-of-chinese-imports/a-43243114
US President Donald Trump's administration on Tuesday unveiled a list of some 1,300 Chinese imports, worth an estimated $50 billion (€40 billion), which could be subject to an additional 25 percent tariff.
The list, announced by the US Trade Representative's (USTR) office, mainly covers non-consumer products, ranging from chemicals to electronic components.
The USTR list of tariffs — an additional tax on imports — excluded several consumer-focused products, such as cellphones and laptops assembled in China, but would affect Chinese-manufactured flat-panel televisions and light-emitting diodes (LEDs), should it come into force. The proposed tariffs would also hit vehicles such as motorcycles and electric cars.
China boasted a $375 billion trade surplus on goods with the US in 2017, a figure Trump has demanded be cut by at least $100 billion.
A public comment period on the proposed tariffs is slated to last until May 11, followed by a hearing on May 15. Companies and consumers will be able to lobby the government to get certain products removed from the list or have others added.
Report: China's Acts, Policies, and Practices Related to Technology Transfer:
https://ustr.gov/sites/default/files/Section%20301%20FINAL.PDF