rss icon Subscribe
desktop mobile

US Plans Tariffs on Extra $200 Bln of Chinese Imports

© Maria / Adobe Stock

The United States has decided to impose tariffs on $200 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.

U.S. Trade Representative Robert Lighthizer said the United States would impose tariffs of 10 percent on the additional Chinese imports.

The move would be the latest in the escalating trade skirmish between the world's two biggest economies.

Trump said last week the United States may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly the total amount of U.S. imports from China last year.

Administration officials said a two-month process would allow the public to comment on the proposed tariffs before the list is finalized.

(Reporting by Ginger Gibson and Eric Beech; Writing by David Alexander; Editing by Peter Cooney)

Jul 11, 2018

 

Logistics

Seattle/Tacoma Box Volumes Rise in July

(Photo: The Northwest Seaport Alliance)

The marine cargo operating partnership of the ports of Seattle and Tacoma recorded its best July

Japan, Russia Join for Trans-Siberian Rail Transportation

Lines of the Trans-Siberian Railway, from Library of Congress at loc.gov.

Japan and Russia plan to officially develop a freight transport route between the two countries

Container Shipping Bankruptcy Lends Insight on Potential Fallout from Trade War

© MAGNIFIER / Adobe Stock

Global trade tensions have captured headlines in recent months, as the imposition of a series of

Finance

S.Korean Shipbuilders Jump over Rising LNG Tanker Prices

© Angelika Bentin / Adobe Stock

South Korea's shipbuilders jump after an industry report notes rising prices of liquefied natural

Norton Rose Fulbright, Citibank on USD 2.2bln Danaos Corp Restructuring

Photo: Danaos Corporation

Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.

Team Tankers Back into the Black

Photo: Team Tankers International

Bermuda-based chemical tanker company Team Tankers International managed to return to

Maritime Apps