WASHINGTON (Reuters) – On Saturday morning, the US started levying higher duties of 25% on many Chinese goods arriving in US seaports to exacerbate the trade war between the two largest economies in the world and retaliation to force against Beijing.
Containers are seen in a harbor in Huaian, Jiangsu Province, China, May 5, 2019. Picture taken 5 May 2019. REUTERS / Stringer
USA. President Donald Trump imposed a tariff increase on May 10 for a $ 200 billion list of Chinese goods, but provided for a grace period for seaborne cargoes leaving China before that date and held them at the previous 10% rate of duty. ,
The US Trade Representative's Office issued a Federal Register Notice of May 15, setting a June 1 deadline for receipt of these goods in the United States. After that, US Customs and Border Protection would impose a 25% tariff in US ports. The deadline expired on Saturday at 12:01 (CET).
The tariff increase concerns a wide range of consumer goods and intermediary components from China, including internet modems and routers, circuit boards, furniture, vacuum cleaners and lighting products.
Early on Saturday, China began levying higher retaliatory tariffs on much of the US $ 60 billion target list of US goods. The tariffs announced on May 13, starting at midnight in Beijing (1600 GMT), will result in additional tariffs of 20% or 25% on more than half of the 5,140 products targeted in the US. Beijing had previously imposed additional rates of 5% or 10% on the target items.
There are no further trade talks between leading Chinese and US negotiators as the final round ended on 10 May in a stalemate when Trump announced higher tariffs on Chinese goods worth $ 200 billion on the same day and then took steps to raise tariffs on all remaining Chinese imports.
China ordered the latest tariff increases in response to Trump's move.
Trump has accused China of breaking a deal to settle its trade dispute by renouncing earlier commitments made in months of negotiations. China has denied the allegations.
Beijing has become hotter in recent weeks, accusing Washington of lack of sincerity and promise that it will not give in to the demands of the Trump administration.
His rhetoric has intensified ever since Washington blacklisted Chinese company Huawei Technologies Co Ltd, effectively banning the company from doing business with US companies.
reporting on David Lawder in Washington and Stella Qiu and Se Young Lee in Beijing; Edited by Grant McCool