The Office of the US Trade Representative on Tuesday released a final tariff list targeting 279 product lines from China. Tuesday's list followed the first round of additional tariffs on $34 billion of Chinese goods, which took effect on July 6. Overall, 98 percent of the June 15 list of Chinese products are intermediate inputs and capital equipment, according to analysis by the Peterson Institute of International Economics. "US companies and consumers will pay more for inputs and products," Paal told China Daily. Gary Hufbauer, a nonresident senior fellow of the PIIE, said the USTR simply doesn't mind hurting major US firms that rely on Chinese semiconductors.