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Wednesday, April 4, 2018

United States plans to impose tariffs on about 1.300 Chinese products

Por Damian

The Office of the Foreign Trade Representative (USTR) published recently a list that includes 1,300 Chinese products to which it plans to impose tariffs, in response to China's "disloyal" business practices. The imposition of these levies will have an impact of approximately $ 50,000 million in Chinese foreign trade, according to the statement from the commercial office.

This list, which includes the latest devices from the aerospace and robotic industries, is now subject to a public comment period of 30 days before protectionist tariffs take effect. "The proposed product list is based on an extensive economic analysis and will be aimed at products that benefit from China's industrial plans while minimizing the impact on the US economy," the USTR stated.

After the recommendation process, the office led by the head of Foreign Trade, Robert Lighthizer, will issue a final decision on the products that will face these measures. President Donald Trump announced in March that he would impose tariffs on up to 60 billion dollars in Chinese imports, although as reported by USTR just recently, the affected volume will eventually be 50 billion dollars.

The government has decided to impose these tariffs because, according to the complaint, Beijing's policies force US companies to transfer technology and intellectual property to Chinese companies. In addition, the United States began at the end of March a process of consultations with China in the World Trade Organization (WTO) to confront its alleged "discriminatory practices when granting technology licenses".

"If the United States and China can´t reach a solution through consultations, the United States can request the establishment of a WTO dispute settlement panel to review the matter", the USTR said in the note. These tariffs, in addition to those announced by Trump several weeks ago to imports of steel and aluminum, are the hardest measure that the Government of the New York agent has imposed on China so far.

The Asian giant, which is the second largest trading partner of the United States of America, on Monday announced the imposition of levies on a set of 128 US products, in response to the rates that Washington announced last month on Chinese steel and aluminum imports.