trending Market Intelligence /marketintelligence/en/news-insights/trending/yubavd0cacexc06ozuxura2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: US set to impose tariffs on pared list of Chinese goods

Blog

M&A rebound sparks optimism for near-term deal activity

Blog

Fintech Intelligence Newsletter: February 2021

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

What's on the Horizon for the Cruise Hotel Resorts Sector


Report: US set to impose tariffs on pared list of Chinese goods

The U.S. is expected to hit Chinese goods with new tariffs June 15, although the move would target a smaller list of products than the Trump administration originally suggested, CNBC News reported, citing three sources familiar with the matter.

The new list would cover between 800 and 900 products, down from the initial list of 1,300 goods prepared in April.

President Donald Trump, who has the final say on the proposed tariffs, is meeting with top trade advisers to discuss the levies. But a senior White House official told CNBC News that the trade action will happen and that the administration has already circulated talking points for the tariffs.

The White House said in May that it would slap a 25% tariff on $50 billion of Chinese imports, including those related to the "Made in China 2025" program. The administration's original list of targeted products included a wide range of goods, from vaccines for human and veterinary medicine to rubber caps and stoppers.

Ahead of the impending tariffs decision, analysts and economists said that nuclear diplomacy with North Korea and domestic politics in the U.S. agricultural heartland could determine the targets and timing of the Trump administration's trade actions against China.

Meanwhile, Beijing again warned of retaliation to the U.S. tariffs, renewing its threat to scrap trade deals with Washington.