China Protests Trump's Latest Tariffs
Summary
President Donald Trump has placed new tariffs on China and 59 other countries to stop imports made with forced labor. China has protested these tariffs, saying such trade conflicts do not help anyone. The tariffs rely on a specific U.S. law that targets unfair foreign trade practices.Key Facts
- The tariffs apply to countries, including China and Hong Kong, at a 12.5 percent rate on certain imports.
- The tariffs target forced labor, which is labor done under coercion or unfair conditions that reduce production costs.
- These tariffs use Section 301 of the Trade Act of 1974, a law that lets the president act against unfair foreign trade practices.
- Earlier tariffs placed under a different legal authority were struck down by the U.S. Supreme Court.
- China has criticized the tariffs, warning that trade wars do not benefit either side.
- Despite disappointment, China and other affected countries are unlikely to respond with retaliatory tariffs.
- China already faces high U.S. tariffs totaling about 55 percent on many goods from earlier trade tensions.
- Experts say affected countries may try to reduce their trade dependence on the U.S. by making deals with other countries.
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