"This is a direct tax on the American people," trade economist Tori Smith, of the conservative Heritage Foundation, warned.
The move comes as particularly good news for soybean farmers, who have seen a huge share of their market dry up since July 2018.
President Donald Trump has suggested that a trade deal with China is imminent to resolve a conflict that is damaging both economies.
The new legislation—which would allow the U.S. to sanction Chinese officials who abuse human rights in Hong Kong—has been passed by the House and the Senate and now awaits the president's signature.
The president has said that a deal to end his long-running trade war with Beijing is close at hand, but has Trump succeeded in his goal of bringing China to heel?
Trump has repeatedly called on China to do more to stem the flow of fentanyl into the U.S., where it is helping drive the opioid crisis.
President Donald Trump's administration says a "phase one" deal with Beijing is imminent which would see billions of dollars of tariffs on Chinese goods removed.
Gita Gopinath told "El Pais" there was "clearly a need to solve problems with the global trading system [in a] cooperative way."
Now that Asia's business programs are gaining recognition internationally, Chinese students have less incentive to jump through hoops to study in the U.S.
"The ultimate goal for the negotiations between the two sides is to end the trade war, cancel all additional tariffs. This is good for China, good for the US and good for the whole world," Ministry of Commerce spokesman Gao Feng said in a statement Thursday.
The Trump administration is waging trade wars against China, the European Union, and others, and the tariffs are costing many American manufacturers money.
Chris Gibbs says he did not take the president's word on partial trade deal with China, which Trump says would give $50 billion boost to U.S. farmers.
Here's to you, Professors Banerjee, Duflo and Kremer. Congratulations! Now tell me whether we should increase or decrease aid to developing nations. Using very short words, please.
"The president has gotten nothing in terms of the big ticket items," Maria Bartiromo said.
James Harden is just one of many players who conveniently placed their social justice bona fides in their back pockets when it comes to making sure the money keeps rolling in. Tech companies and politicians cower too.
Bloomberg reported on Monday that the China wanted more trade talks before Xi committed to signing the agreement.
The Dow Jones climbed 350 points or 1.3 percent on Friday morning, while the S&P 500 rose 1.3 percent and the Nasdaq rose 1.4 percent.
"The growing risk is that much of the market share abroad that U.S. agribusiness is losing to foreign competitors will be hard, if not impossible, to win back -- even if current trade conflicts are resolved to the U.S. government's satisfaction."
"As a reference, this is approximately the size of Switzerland's entire economy," IMF managing director Kristalina Georgieva explained.
"We urge the United States to immediately correct its wrong practices, withdraw the relevant decisions and stop interfering in China's internal affairs," foreign ministry spokesperson Geng Shuang.
Japan's Prime Minister Shinzo Abe and Donald Trump agreed a limited trade deal as he tries to win back support from farmers unhappy with his trade wars.
Beijing aims to become the world's dominant military force, and its rapid progress took the Pentagon by surprise.
The United States is set to impose $7.5 billion in new tariffs on range of goods from the European Union (EU), including Scotch whisky.
Despite signs of discontent with the president's trade policies, farmer support for Trump remains high.
The U.S.-China trade war appears to be de-escalating as Beijing offers an olive branch to Washington after the tariffs' delay announced by President Donald Trump.
"I think there's a couple more chapters yet to be written in the trade war," James McCormack, the global head of sovereign ratings at Fitch, told CNBC on Thursday.
There is a 35 percent chance that President Donald Trump escalates his trade war with China and others, Moody's Analytics says.
This represents an increase in concern by several points since the poll was last taken in June.
Fox News' Judge Andrew Napolitano accused Trump of unconstitutionally misappropriating funds for his border wall from federal money Congress did not approve.
President Donald Trump's tariffs on China are borne almost entirely by American consumers, the evidence shows.