<center>http://financeandmarkets.com/wp-content/uploads/2018/08/Chinese-imports.jpg</center> <br/>The US imposed 25% duty on new list of Chinese goods with annual turnover of 16 billion USD, further increasing tensions in the trade conflict between the two largest economies in the world. The new customs duties are part of the already imposed tariffs on goods worth 34 billion USD. Into the final list of Chinese goods worth 50 billion USD will be included nearly 280 products. The US sales agent's office said that as of August 23, the collection of the levies would begin on a total of 279 products, which represents a drop from the original list of 284 products. The new list includes products ranging from motorcycles to steam turbines and railway wagons. This is the second time the US has introduced дутиес against China in the last month, despite complaints from US companies that such actions will increase business and consumer prices. Following Washington's announcement, Beijing promised a reciprocal response to American goods of the same value. Meanwhile, tensions may be further increased as the US sales agent's office looks at a possible increase of duties by 25% on Chinese goods worth 200 billion USD. It is possible the renewed levies to come into force as early as September 6th. The US President Donald Trump even hinted that it was not possible to tax all China's imports, which last year reached more than 500 billion USD. According to a study by Oxford Economics, published on Tuesday before the announcement of the new list, the trade war between Washington and Beijing will shrink global production by 0.7% by 2020, with the Chinese economy falling by 1.3% the American one - by 1%. However, there are still no signs of a dispute affecting trade. Chinese exports grew at a faster pace than expected in July, despite the US's decision to impose duties on imports worth 34 billion USD. The export value in dollars increased by 12.2% in July on an annual basis, accelerating from a 11.2% growth in the previous month, according to the Chinese customs data. The United States and China are trying to resume negotiations at a high level, which ended after the Trump administration imposed the first wave of tariffs. <br /><center><hr/><em>Posted from my blog with <a href='https://wordpress.org/plugins/steempress/'>SteemPress</a> : http://financeandmarkets.com/the-us-prepares-new-package-of-duties-on-chinese-imports-worth-16-billion-usd/ </em><hr/></center>
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**This user is on the @buildawhale blacklist for one or more of the following reasons:** * Spam * Plagiarism * Scam or Fraud
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@sadkitten is countering 85% of @caseystubbs self-votes for 1 week starting Thursday, August 9th 2018 because it is part of last weeks top self-voters. For more details see [this post](https://steemit.com/steemit/@sadkitten/self-voter-return-on-investment-svroi-notoriety-flagging-bot).
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Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post! If you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).
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