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Ouch! US Lashes Out At China With New Tariffs On Selected Drugs, APIs

 
• By Brian Yang

The Office of the US Trade Representative has released plans to impose new higher tariffs on 1,300 products from China accounting for exports totaling $50bn. Certain active pharmaceutical ingredients and drugs on the list face an additional 25% tariff if the plan is implemented, prompting China to say it will soon announce retaliation measures, and the potential impact on US drugs and medical devices is surely a cause for concern.

Trump & China
BEGINNING OF US-CHINA TRADE WAR?

A new list of proposed higher tariffs on Chinese exports announced by the US Trade Representative's (USTR) Office is the latest move by the Trump administration to target selected goods made in China, in a brewing bilateral trade war in which the US is citing unfair trade practices such as forced technology transfers and a lack of intellectual property rights protection.

The move, separate from the US's earlier tariff increases on steel and aluminum from countries including China, could add to an already tense trade face-off between the world's two largest economies and is likely to trigger retaliation measures from Beijing

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