Business groups worried about Trump's China tariffs plan

[Yo_Mama_Been_Loggin]

The Trump administration's plan to slap 25 percent tariffs on a wide array of products from China got a cold reception from leading business groups that say the duties will cost jobs and damage the economy.

U.S. Trade Representative Robert Lighthizer on Tuesday released a proposed list of Chinese imports that could receive tariff hikes as part of a Section 301 investigation into Beijing’s lax intellectual property practices.

"The proposed list of products is based on extensive interagency economic analysis and would target products that benefit from China’s industrial plans while minimizing the impact on the U.S. economy," USTR said a release.

The Trump administration says it intends to impose tariffs on approximately $50 billion worth of Chinese imports.

The extensive list covers about 1,300 separate tariff lines — from aerospace and communication technology to machinery and medicines — and will undergo further review in a hearing and through a public notice and comment process.

http://thehill.com/policy/finance/381527-business-groups-worried-about-trumps-tariffs-plan

[Kittycow]

1. Clothing and shoes left off the List.

Whew, close call there, Ivanka.

But some medicines will be on the List so that's another poke in the eye.