New 200 Billion List Of Chinese Products Tax Collection Details Of Textiles And Clothing Tax

After China and the United States imposed tariffs on the $34 billion product, the Trump administration announced a further tariff list for China, which would impose a 10% tariff on about 200 billion US dollars in Chinese products, involving spinning, wool and so on.

The proposed tariff list will be up to 195 pages and will take about 2 months to process.

A senior government official said, "the amount of US $200 billion we are considering is roughly equal to China's exports to us".

He added that tariffs will not take effect immediately, but will be reviewed for two months at the hearing on 20-23 August.

The official said the tariff was mainly targeted at some products from China's manufacturing 2025 program.

Made in 2025, China is a strategic plan formulated by the Chinese government, aiming at making China the world's major manufacturing industry, including technology.

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In addition, the United States is considering a tariff hearing for another 16 billion US dollars after a public hearing later this month.

China vows to take equal retaliation against US tariff actions.

In July 10th, the United States announced a list of products recommended for 10% tariffs on 200 billion US dollars in China's exports to the United States, with a tariff list up to 195 pages.