China a year ago.
In a statement USA trade representative Robert Lighthizer said these new additional tariffs are a result of "China's retaliation and failure to change its practices" after the first round of tariffs. US officials insist China's retaliatory tariffs are unjustified.
"For over a year, the Trump Administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition", he said in a statement. The prospect of an global trade war has sent jitters through world markets.
The previous round of tariffs: The Trump administration last week imposed 25 percent tariffs on $34 million in Chinese goods, prompting Beijing to impose retaliatory tariffs of the same amount on United States imports.
The U.S. said it had no choice but to move forward on the new tariffs after China failed to respond to the administration's concerns over unfair trade practices and Beijing's abuse of American intellectual property, according to two senior officials who spoke to reporters.
Robert Holleyman, the USA official in charge of trade with Asia during former president Barack Obama's second term, described the tariffs as "tax hikes on US imports". "Unfortunately, China has not changed its behavior - behavior that puts the future of the USA economy at risk". "Given China's likelihood of retaliation, it's also billions worth of new tariffs on American exporters".
Initiating the latest tariffs as a supplemental action means they could be implemented before September, pending the results of a hearing on August 20-23.
Beijing thus far has vowed to respond in kind to any USA trade action. Regardless of the outcome, United States shoppers are poised to be losers, despite assurances from the administration that the new tariffs take into account the potential impact on consumers.
"China has no option but to fight fire with fire".
In Beijing, Li Chenggang, assistant minister at China's Commerce Ministry, said that the latest USA proposals would hurt both countries and pointed to declines in Chinese export growth and overseas investment to the United States in the first half of this year.