Thursday, August 9, 2018

Update on China's Additional Tariffs on U.S. Goods

On June 17, 2018, China announced it would impose a tariff rate of 25% on the U.S. imports of farm and fishery products and automobiles. The list of 545 tariff lines included one textile-related commodity, cotton, not carded or combed (5201.00.00).

On July 6, China filed a case against the US’ tariffs measures under Section 301 investigation at the WTO.

On July 16, China made an additional charge to the WTO against the US for its section 301 investigation and its suggestions to levy tax on China’s products valued 200 billion exported to the US.

On August 3, 2018, China announced it would impose additional tariffs on U.S. goods. There are four lists, one for 25%, one for 20%, one of 10%, and one for 5%.

  • The 25% list includes 531 textile and apparel classifications,
  • An additional 104 textile and apparel classifications are on the 20% list,
  • The 10% list includes 89 textile and apparel classifications, and
  • Only the 5% list has no textiles or apparel.

The final measure and effective time will be announced separately.

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