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BANGKOK 19 August 2019 10:24
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rooster59

U.S. to launch public hearings on additional China tariffs next week

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U.S. to launch public hearings on additional China tariffs next week

 

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FILE PHOTO: An attendent cleans the carpet next to U.S. and Chinese national flags before a news conference for the 6th round of U.S.-China Strategic and Economic Dialogue at the Great Hall of the People in Beijing, July 10, 2014. REUTERS/Jason Lee

 

WASHINGTON (Reuters) - The U.S. Trade Representative's Office on Monday will kick off seven days of testimony from U.S. retailers, manufacturers and other businesses about President Donald Trump's plan to hit another $300 billion (£238 billion) worth of Chinese goods with tariffs.

 

The hearings beginning Monday will end on June 25, the USTR said in a statement on Friday. That timeline means Trump would not be able to trigger the fresh wave of tariffs until after July 2, when a seven-day final rebuttal comment period ends.

 

U.S.-China relations have deteriorated since Trump accused Beijing in early May of reneging on commitments to change its ways of doing business with the rest of the world.

 

Since then, Trump raised tariffs to 25% on $200 billion of Chinese goods and ordered his trade representative to prepare tariffs on another $300 billion, effectively covering almost all Chinese exports to the United States.

 

Trump has said he wants to meet with Chinese President Xi Jinping during June 28-29 G20 leaders summit in Japan, but neither government has confirmed a meeting.

 

The proposed tariffs on another $300 billion are a further "response to China’s unfair trade practices related to technology transfer, intellectual property, and innovation," USTR said in its statement Friday.

 

The tariffs will hit consumer goods hard, including cellphones, laptop computers, toys, video game consoles, television sets, clothing and footwear.

 

The list of more than 300 scheduled witnesses includes representatives from retailer Best Buy, toy maker Hasbro Inc vacuum cleaner maker iRobot, faucet maker Moen and other firms and trade groups in a diverse range of industries.

 

(Reporting by Chris Prentice and David Lawder; Editing by Tom Brown)

 

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-- © Copyright Reuters 2019-06-15

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Oh boy another Donald trump tax hike!

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Ah yes, the  Glorious  spokesboy for the World as I know it.

 " Trump accused Beijing in early May of reneging on commitments to change its ways of doing business with the rest of the world."

 

 

"

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5 hours ago, rooster59 said:

U.S.-China relations have deteriorated since Trump accused Beijing in early May of reneging on commitments 

trump should sue for copyright infringement. Reneging on deals is his thing...

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Anyone who doesn't think that China has not done the things it is accused of doing has to be a fool. First off China has never kept a promise since Mao came to power. Problem is that big business is willing to accept what China does as long as there is profit to be made regardless of what it does to the manufacturing base or the American worker. It has one goal and that is to make a profit. No one likes to see the necessity for tariffs but how long does the USA just let the Chinese control everything?  I really don't mind paying a little more for goods if in the long run it brings a healthier US economy, jobs for people here, etc. 

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I’m in agreement with you to a point yes China has to be held accountable most would agree it’s our leadership that’s #$&@ *& ^[simply put you don’t stab your allies in the guts then pick a fight with a powerful country like China it’s stupid no more no less and telling over 10,000 lies in 2 years doesent help we need a competent person at the helm

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9 hours ago, Trouble said:

Anyone who doesn't think that China has not done the things it is accused of doing has to be a fool. First off China has never kept a promise since Mao came to power. Problem is that big business is willing to accept what China does as long as there is profit to be made regardless of what it does to the manufacturing base or the American worker. It has one goal and that is to make a profit. No one likes to see the necessity for tariffs but how long does the USA just let the Chinese control everything?  I really don't mind paying a little more for goods if in the long run it brings a healthier US economy, jobs for people here, etc. 

The first part if your post evokes an nonexistent debate. Nobody here or elsewhere is defending China's behaviour.

The question is whether Trump's policy is the most efficient,  or even efficient at all. There are good reasons to think the answer is no.

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