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Trump announces tariffs on $US50 billion worth of Chinese goods

Gorkha Post

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WASHINGTON — US President Donald Trump has announced hefty tariffs on $US50 billion of Chinese import as Beijing responded in kind, escalating a trade dispute between the world’s two largest economies.

“In light of China’s theft of intellectual property and technology and its other unfair trade practices, the United States will implement a 25 per cent tariff on $US50 billion of goods from China that contain industrially significant technologies,” Trump said in a statement.

Trump, whose hard-line stance on trade has seen him wrangle with allies, said in a statement that a 25 per cent tariff would be imposed on a list of strategically important imports from China.

“This includes goods related to China’s Made in China 2025 strategic plan to dominate the emerging high-technology industries that will drive future economic growth for China, but hurt economic growth for the United States and many other countries,” Trump said.

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The US Trade Representative’s (USTR) office said the tariffs would begin on July 6, and be implemented in two tranches.

About $US34 billion ($45 billion) worth of imports on a tranche of 818 product categories — excluding television sets and other consumer products — would the first to fall under the new rules.

A second tranche of tariffs on 284 product categories worth $US16 billion would go into effect at a later date after a public comment period.

Trump also vowed further measures if Beijing struck back, but denied there was a trade war after announcing the tariffs.

“The United States will pursue additional tariffs if China engages in retaliatory measures, such as imposing new tariffs on United States goods, services, or agricultural products; raising non-tariff barriers or taking punitive actions against American exporters or American companies operating in China,” Trump said.

Agencies

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32 dead, 1 missing in Papua attacks, Indonesian police say

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JAYAPURA, INDONESIA- Security forces tried to recover the bodies of 31 construction workers and a soldier who were killed in one of the worst separatist attacks in Indonesia’s restive province of Papua, officials said Tuesday.

Papua police spokesman Suryadi Diaz said 24 workers were killed on Sunday when gunmen stormed a government bridge construction project in a remote mountainous village in Nduga district.

Citing reports from several witnesses, Diaz said, eight other workers fled to the nearby house of a local parliament member, but an armed group came a day later and killed seven of them. However the eighth managed to escape and remains missing.

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“This is the worst attack launched by the armed criminal group recently amid intensified development by the government,” Diaz told The Associated Press.

Separately, Papua province military spokesman Lt. Col. Dax Sianturi said an armed group attacked a military post in Mbua village in the same district late Monday, killing a soldier and injuring another.

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