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Responding To 'China's Unfair Retaliation', Trump Considers $100 Billion More In China Tariffs

DIVYIA ASTHANA | 0
1930
| April 6 , 2018 , 10:46 IST

US President Donald Trump, further escalating the 'trade war' between US and China, announced on Thursday that "In light of China's unfair retaliation," he had instructed trade officials to "consider whether $100 billion of additional tariffs would be appropriate."

Maintaining that the US launched the series of trade tariffs due to China's unfair intellectual property norms, Trump said in a statement, "Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers."

Trump indicated that he was still open to talks, but only if they were aimed at achieving "free, fair, and reciprocal trade."

ALSO READ: US Announces Tariffs On 1,300 Chinese Goods, China Hits Back With New Tariffs On 106 US Products

So far, US has ordered import tariffs on $50 billion in Chinese goods, to which China responded by ordering tariffs on $3 billion of US imports. US next imposed tariffs on steel and aluminium imports from China, and China imposed tariffs on 128 US products. Most recently, on Wednesday US announced tariffs on 1,300 Chinese goods, which led to China imposing tariffs on 106 US products.

Meanwhile, China on Thursday formally requested 'consultations' with Washington under the World Trade Organisation over the increasing tariffs.

WTO in a statement said that China's delegation requested "consultations" with Washington "concerning the proposed tariffs (and) measures that the United States accords to certain goods in various sectors including machinery, electronics, etc. originating in China."

ALSO READ: US-China Trade War Heats Up, China Announces Tariffs On 128 US Imports

The extreme steps taken by US President Trump, virtually launching a trade war between the two largest economies of the world, were criticised by members of his own Republican party.

"China is guilty of many things, but the President has no actual plan to win right now. He's threatening to light American agriculture on fire," said Republican Senator Ben Sasse.

"Let's absolutely take on Chinese bad behavior, but with a plan that punishes them instead of us. This is the dumbest possible way to do this," he added.