The Trump administration is moving forward with more tariffs on Chinese goods this week while officials from both countries negotiate on trade in Washington.
The Trump Administration started the process in March, aiming to punish China for what it says are unfair trade practices, such as stealing intellectual property. Beijing has responded with retaliatory tariffs.
The new tariff will hit 279 Chinese products, including chemical products, motorcycles, speedometers and antennas. The Chinese tariff will hit American goods including chemical items and diesel fuel.
About 80 companies and industry groups testified in July before the US Trade Representative’s Office about the $16 billion in tariffs.
Many said the tax would hurt their business, and they would not be able to absorb a 25% tariff without raising prices on American consumers.
Representatives from the motorcycle industry, electric bicycle makers, food equipment manufacturers, and chemical companies oppose this round of tariffs.
So does the CEO of Purolite, a company that imports chemicals used to purify water. He warned that tariffs on those chemicals could reduce an already short supply.
