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TEHRAN, April 04 - The United States has published a list of $50 billion in Chinese imports set to be hit by US tariffs, prompting Beijing to promise equally painful retaliatory measures in an escalating trade duel between the world's two top economies.
TEHRAN, Young Journalists Club (YJC) - The move came a day after Beijing imposed duties on about $3 billion in US exports such as pork, wine and fruit, a countermeasure to US metal tariffs that was widely seen as a warning Chinese officials will not hesitate to retaliate quickly.
The new US list, published Tuesday -- which includes electronics, aircraft parts, satellites, medicine, machinery and other goods -- has yet to be finalized and is intended as a response to China's alleged theft of American companies' intellectual property and technology.
"The proposed list of products is based on extensive interagency economic analysis and would target products that benefit from China's industrial plans while minimizing the impact on the US economy," the office of US Trade Representative Robert Lighthizer said in a statement.
It identifies roughly 1,300 goods that could face duties of 25 percent but remains subject to a review process that will last through at least May before it can take effect.
Source: AFP
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