European exporters shift trade to avoid higher U.S. tariffs

Trump's Zero Tariff Solution

US fires next shot in China trade war

U.S. President Donald Trump is preparing to publish a list of an additional US$200 billion in Chinese products to be hit with tariffs, Bloomberg reported on Tuesday, citing two people familiar with the matter, in the latest step in the trade skirmish between the world's two biggest economies. China has vowed to retaliate dollar-for-dollar to any further US tariffs.

Lighthizer's office will hear public comments on the plan and will reach a decision after August 31, according to a senior administration official who briefed reporters on condition of anonymity.

The fight with China comes as Mr. Trump is also locked in a trade war with Canada, Mexico, the European Union and other US allies.

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Washington imposed 25 percent tariffs on $34 billion of goods in response to complaints Beijing is hurting American companies by stealing or pressuring enterprises to hand over technology.

The Trump administration said it cracked down on China for a range of trade practices involving intellectual property and technology that cost US companies an estimated $50 billion annually.

The tariff list could be released as soon as Tuesday, and likely this week, the report said. USA officials insist China's retaliatory tariffs are unjustified.

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David Cohen, a political scientist at the University of Akron, said the pressure on Mr. Trump will mount as the economic pain spreads from affected companies to be more widely felt by consumers. These tactics include the outright theft of trade secrets, government subsidies to homegrown tech firms and demands that US and other foreign companies hand over technology if they want access to China's vast market.

Consumer-goods companies have been bracing for months as the Trump administration steadily ramped up its rhetoric on trade with China and other major trade partners. High-level talks between the two countries starting in May failed to deliver a breakthrough to head off a trade war. Rather than address our legitimate concerns, China has begun to retaliate against USA products.

This has raised concerns that China could retaliate with non-tariff trade measures. "Unfortunately, China has not changed its behavior - behavior that puts the future of the USA economy at risk".

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In addition, the U.S.is considering separate duties on a further US$16 billion in Chinese goods, after a public hearing later this month.

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