WASHINGTON – By further escalating the trade war with China, President Trump has identified more than $ 200 billion in Chinese exports to the United States that may be subject to new tariffs.
The list is huge – around 200 pages – and includes industrial and chemical products, consumer products, and wood products.
If Trump follows through, just under 50% of all Chinese imports would be subject to tariffs.
Wood products subject to tariff include oak, beech, maple, ash, cherry, moldings, rods, particle board, various types of plywood, doors, charcoal, stoppers and corks, as well as wicker and bamboo baskets. Home furnishings include bedding, mattresses, car seats, wooden chairs, furniture designed for offices, kitchens, chandeliers and lamps.
Pulp and paper products are also on the list.
Because China only imported $ 130 billion worth of goods from the United States last year, it can no longer retaliate with corresponding tariffs. If China is to retaliate, experts say it must do so with different measures.
U.S. companies in China have already reported spikes in delays in product approvals, work visas and license applications. There have also been cases of Chinese officers ordering seemingly random quarantines for certain products and skipping random border inspections.
U.S. Trade Representative Robert Lightizer said on Tuesday after the tariffs were announced that the United States expects China to end unfair practices and open its markets to competition.
Data from the Chinese Customs Department shows that the value of trade in wood products between China and the United States fell 16% in March 2018. China’s imports also fell 5%, although the first Overall quarter showed a 9% increase in Chinese wood product exports: China’s imports increased 6 percent to $ 2.28 billion during the period, while its exports to the United States rose 10 percent to $ 3.98 billion.
Looks like the war is officially on.