US finalizes next China tariff list targeting $16 billion in imports

KEY POINTS

• The U.S. Trade Representative's office published its final tariff list targeting 279 import product lines.
• Only five product lines were deleted from the list that was initially proposed on June 15, according to USTR.
• The new tariffs will go into effect on $16 billion in Chinese goods on Aug. 23.

A security guard speaks on a two-way radio as he stand in front of stacked shipping containers at Kwai Tsing Container Terminals in Hong Kong, China.

Anthony Kwan | Bloomberg | Getty Images

The United States will begin collecting tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 import product lines.

USTR said that only five product lines were deleted from a list initially proposed on June 15, but semiconductors, among the largest categories, remained on the list.

The latest list brings to about $50 billion in goods that now face a 25 percent tariff that U.S. President Donald Trump has imposed on Chinese imports in an escalating trade war over China's intellectual property practices and industrial subsidy policies. China has vowed to match Washington's tariff moves with duties on an equivalent worth of U.S. products.