The Trump administration revealed plans for a 25 per cent tariff on 1,333 Chinese products ranging from industrial robots to locomotives in retaliation for what it said had been decades of state-backed intellectual property theft by Beijing.
The list released on Tuesday covers imports worth some $50bn last year and represents the most aggressive US trade response to China’s actions since President Richard Nixon normalised diplomatic relations in the 1970s.
Although the tariffs are unlikely to go into effect for several weeks, the US announcement prompted an immediate threat of retaliation by China, raising fears of a trade war between the world’s two largest economies.
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