US Treasury issues the list now
- to impose tariffs on about USD 50bn of Chinese imports
- covers around 1300 products
- increase in tariffs around 25%
To the extent that trade war tensions continue to escalate, this is a negative for risk
More:
- US Treasury says to impose tariffs on $50 billion worth of Chinese imports
- USTr says list covers 1,300 separate product lines that include aerospace, information technology, communications, robotics, machinery
- Says value of imports facing tariffs is commensurate with US harm caused by China's "unreasonable technology transfer policies"
- Says China's technology transfer policies bolster Chinese efforts to seize leadership in advanced technology under "made in china 2025" program
The USTr has issued the list for public comment
