Home / Knowledge / News / Textiles / US to slap 10% tariffs on extra $200 bn of Chinese imports
US to slap 10% tariffs on extra $200 bn of Chinese imports
11
Jul '18
The United States will impose 10 per cent tariffs on an extra $200 billion worth of Chinese imports, the US Government said on July 10, while releasing a list of thousands of Chinese imports it wants to slap the tariffs on. The list includes textile raw materials like cotton, synthetic fibres, silk, wool, and yarn and fabric made from these materials.

"For over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition... Rather than address our legitimate concerns, China has begun to retaliate against US products. There is no justification for such action," US Trade Representative (USTR) Robert Lighthizer said in a statement.

Last week, Washington imposed 25 per cent tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of US exports to China.

US consumers and retail firms are worried as the new list targets many more consumer goods than those covered under the tariffs imposed last week. The tariffs will be imposed only after a two-month period of public comment on the proposed list is over.

The US Chamber of Commerce has criticised President Donald Trump's aggressive tariff policies and the US retailers lobby group Retail Industry Leaders Association said the president has broken his promise to bring 'maximum pain on China, minimum pain on consumers', according to global newswires. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Jun 2021

Investment flows to developing Asia defy COVID-19, grow by 4%: UNCTAD

Foreign direct investment (FDI) flows to developing countries in Asia ...

Pic: Shutterstock

Apparel/Garments | On 22nd Jun 2021

UN prioritising protection of Cambodian garment workers

The United Nations system in Cambodia is working together with...

Pic: JHVEPhoto / Shutterstock.com

Fashion | On 22nd Jun 2021

L Brands announces name of separate company - Victoria's Secret & Co

US-based L Brands has set the ball rolling to create two entities...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search