What Is the Endgame for the Trump Trade Wars?

Shipping containers are seen piled up at a port in Qingdao

What Is the Endgame for the Trump Trade Wars?

Trump has been considering tariffs against China since his officials concluded in March that Beijing violates USA intellectual-property rights, such as by forcing American firms to hand over technology.

The tariffs could take effect after public consultations end on August 30, according to a statement from the U.S. Trade Representative's office Tuesday.

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.

The list of goods affected by the new tariffs includes seafood, fruits and vegetables, grains and tobacco.

The White House has complained that China has used predatory practices in a relentless push to grant Chinese companies an unfair advantage in the industries of the future, including robotics, electric cars and biopharmaceuticals.

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All told, Trump has threatened eventually to slap tariffs on up to $550 billion in Chinese imports - more than China actually exported to the United States previous year - if Beijing won't relent to US pressure and continues to retaliate. Rather than address our legitimate concerns, China has begun to retaliate against US products. Trump then promised tariffs on about 1,300 Chinese products. "Unfortunately, China has not changed its behavior - behavior that puts the future of the USA economy at risk".

China has stepped up action against some USA goods by announcing anti-dumping duties on raw materials used in making optical fibers.

President Donald Trump last month threatened additional tariffs against China if it retaliated.

Administration officials said they hoped the measures would convince the Chinese government to increase market access for USA companies and address allegations of the theft of intellectual property.

China will reimburse the buyer for the cost of the 25 percent tariff on soybean imports from the US if the cargoes are for state reserves, Bloomberg reported earlier citing people familiar with the matter.

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