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

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China's commerce ministry has announced that it will start imposing 25 percent import duties targeting $US16 billion ($NZ17.779bn) worth of U.S. goods.

The headline numbers are the first readings of the overall trade picture for the world's second-largest economy since U.S duties on $34 billion of Chinese imports came into effect on July 6.

The United States published its final list of goods subject to the new tariffs on Tuesday.

"[The] trade data don't show any significant impact from the first round of U.S. tariffs", Julian Evans-Pritchard, senior China economist at Capital Economics, said in a note to investors.

But there seems no solution at sight as the Trump administration prepares for tariffs of up to 25 per cent on an additional United States dollars 200 billion in Chinese products.

GM already imports two models from China into the USA and Ford will soon import the Focus, and both export significant volume from the U.S.to China.

Beijing has called on U.S. officials to be "cool headed", but has warned it will retaliate against any tariffs with its own measures. The finalized list of goods affected includes 279 items.

This round of tariffs is open to public comment until September 6th.

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Trump administration efforts to force China into concessions also have been complicated by the falling yuan, which has lost more than 8 percent of its value against the dollar since April.

China has already retaliated with duties of its own, and has pledged to match the U.S. dollar for dollar with new tariffs.

The president remains confident that his "America First" overhaul of US trade policy is paying dividends.

"Members of Congress from both parties are hearing from Americans that are angry about tariffs while they are back in their states and districts", he said.

In a statement Wednesday, the Chinese Commerce Ministry charged the United States has "once again put domestic law above global law by imposing "very unreasonable" new tariffs on Chinese goods".

China buys nearly $18 billion a year worth of goods from Washington state every year. It would likely have to impose penalties on USA companies doing business in China to make up the difference.

Talks between China and the US have failed to produce an agreement on the issue, prompting China to retaliate with tariffs of its own and US President Donald Trump to escalate his threats.

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