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China accuses Trump of bullying over tariffs

China accuses Trump of bullying over tariffs

But China has rebuffed USA complaints and denied any harm was done to US companies, and instead retaliated "without any worldwide legal basis or justification", Lighthizer said.

The list of proposed goods to be hit with new tariffs includes dozens of types of fish, eels, crab, lobster and other seafood. China was also the third-largest destination for US propane exports past year, behind only Japan and Mexico.

The additional tariffs could affect as much as $468bn in trade between the two countries, with the possibility of an ever more expansive levies that US President Donald Trump threatened to impose on China.

They criticize Trump's tactics but share US complaints about Beijing's industrial policies.

"Tonight's announcement appears reckless and is not a targeted approach", said Senate Finance Chairman Orrin Hatch in a statement.

China's Commerce Ministry called the new wave of US tariffs "totally unacceptable" and vowed to protect its core interests.

Mr Trump has threatened to tax $550bn (£415bn) in Chinese products - exceeding America's total imports from China past year.

But China also faces difficulties in retaliating directly: it ships far more goods to the United States ($506 billion past year, according to USA figures) than come back in the opposite direction ($130 billion).

Meanwhile, farmers hurt by Chinese tariffs on US agricultural exports pose a political risk for Mr. Trump and for Republicans, especially as the November midterm elections loom.

China accused the United States of starting "the largest trade war in economic history", after the first round of tariffs took effect last week.

The U.S. Trade Representative announced Tuesday a possible second round of tariff hikes targeting a $200 billion United States list of Chinese goods ranging from burglar alarms to mackerel.

The officials said they tried to target goods that would reduce the harm to US consumers.

"Rather than address our legitimate concerns, China has begun to retaliate against U.S. products". "China cheats, and manufacturers want to see China held accountable".

American Airlines plummeted 8.1 per cent after it trimmed its estimate for revenue per seat mile for the second quarter.

FILE PHOTO: Workers ride on an motor rickshaw through an aluminium ingots depot in Wuxi, Jiangsu province in this September 26, 2012 file picture.

Containers are transferred at a port in Qingdao in China's eastern Shandong province on July 6, 2018.

Thousands of Chinese imports are under threat in the newly suggested tariffs, including hundreds of food products as well as vehicle tires, furniture, wood products, handbags and suitcases, to dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products. "But China's reaction to the USA tariffs could pose a far greater threat to the index in time". Hong Kong's main index shed 1.3 percent. The London FTSE 100 dropped 1.2 per cent, while the Dow Jones Industrial Average was down almost 0.6 per cent in early trading. The Trump administration has tried to limit the impact of the trade war on consumers and any backlash that it might prompt, but the scale of these tariffs make it next to impossible to protect them.

"Tariffs on $US200 billion in Chinese products amounts to another multibillion-dollar tax on American businesses and families", said Scott Lincicome, a trade lawyer and senior policy analyst for the group Republicans Fighting Tariffs.

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