Read “Trump’s Latest $200 Billion Tariffs on China Threaten a Big Blow to American Consumers” by Chad P. Bown, Euijin Jung, and Zhiyao (Lucy) Lu.Trump Threatens Tariffs on All Imports from ChinaJuly 20, 2018In an interview, Trump says he is ready to impose tariffs on all US imports from China, which totaled $504 billion in 2017. The threat covers the remaining $262 billion of imports not already under previous tariffs or being inves-tigated as previously announced under the Section 301 investigation. Capital goods and consumer products would be the primary targets, since intermediate inputs were already previously targeted, and include mobile phones, laptops, and clothing.Read “Trump’s $262 Billion China Tariff Threat Plays with the Bank’s Money” by Chad P. Bown, Euijin Jung, and Zhiyao (Lucy) Lu.
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9PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICSTRADE AND INVESTMENT POLICY WATCH BLOGSubsidies for American Farmers After Export FalloutJuly 24, 2018The US administration announces it will subsidize American farmers for up to $12 billion for their lost export sales resulting from all of the president’s tariffs (including steel and aluminum) using a law that supported farmers during the Great Depression. A total of $27 billion of US agriculture exports are being affected, like soybeans, corn, nuts, fruit, and beef.Read “First Tariffs, Then Subsidies: Soybeans Illustrate Trump’s Wrongfooted Approach on Trade” by Chad P. Bown and Eva (Yiwen) Zhang.Trump Wants 25 Percent Tariffs, Not 10 Percent August 1, 2018Following Trump’s direction, the US Trade Representative considers a 25 percent tariff rate rather than the 10 percent rate on the list of $200 billion of imports released July 10. China Threatens $60 Billion TariffsAugust 3, 2018China warns it could add duties of 5 to 25 percent on $60 billion of US goods following Trump’s threat to raise proposed tariff rates on $200 billion of Chinese goods from 10 to 25 percent as well as potentially cover all $500 billion of imports from China with tariffs. The list targets mostly intermediate inputs, followed by capital goods and consumption goods. Combining this new list with the June 15 list leaves only $53 billion of Chinese imports from the United States that are not yet subject to Chinese retaliatory tariff lists.Read “China’s $60 Billion Tariff Announcement” by Chad P. Bown, Zhiyao (Lucy) Lu, and Jeffrey J. Schott.USTR Finalizes Second Tranche of Tariffs August 7, 2018The Trump administration releases a revision to the second phase of its $50 billion list, announcing that $16 billion of imports from China will be subject to a higher 25 percent tariff rate, going into effect on August 23. After public hearings, the US Trade Representative removed only 5 of the 284 products subject to the list published on June 15. Those products include alginic acid, splitting machines, containers, floating docks, and microtomes—imports worth $400 million in 2017.
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