US to impose tariffs on $200bn of Chinese imports

China urges domestic firms to boost non-American imports as trade war with US escalates

The United States has made a decision to impose tariffs on $US200 billion ($279 billion) worth of imports from China after efforts to negotiate a solution to the trade dispute failed to reach an agreement, senior administration officials said on Tuesday.

China, meanwhile has vowed to match any future tariffs dollar-for-dollar, signaling an escalating trade war between the two nations.

The additional US tariffs, which will go through a two-month approval process including a public hearing, come after China retaliated in a tit-for-tat trade skirmish last week.

"Special Report" panel reacts to the strategy behind the Trump administration's new charges on Chinese products. But the new tariffs will not be imposed until later this summer, after a public comment period.

Читайте также: France beat Belgium to reach final in Russian Federation

"China is forced to strike back to safeguard core national interests and the interests of its people", the Commerce Ministry said in a statement to CNN last week. "This new round of proposed tariffs takes the fight onto yet another level from which it is going to be hard for either side to make a graceful retreat", said Eswar Prasad, former head of the International Monteary Fund's China division.

Beijing thus far has vowed to respond in kind to any US trade action.

The United States began imposing tariffs on $34 billion in Chinese goods at 12:01 a.m. EDT (0401 GMT) on Friday.

The move came just days after the administration levied its previous tariffs package, valued at around $34 billion, against Chinese imports. But Trump hasn't backed down, arguing that China's unfair trading practices are hurting American workers. "That is nearly certainly a serious miscalculation".

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