On Monday, April 2, 2018, China announced import duties on U.S. goods such as pork, fruit, nuts, wine, ginseng, aluminum, ethanol and pipes. Responding within World Trade Organization (WTO) guidelines, the retaliatory measure by the United States’ largest trading partner comes as a swift response to Washington’s March 8thexecutive order imposing additional tariffs on steel and aluminum imports to the U.S.
While China and the United States have not publicly declared a trade war, the protectionist escalation has industries on both sides of the Pacific worried. The Dow Jones fell over 600 points on Monday following the announcement, the worst decline in over two years.
SUMMARY OF CHINESE IMPORT TARIFFS ON U.S. PRODUCTS:
25% TARIFF
PORK
- pork liver,
- chopped pork,
- fresh and chilled bone-in pork forelegs and hind legs,
- chilled whole and half hog heads,
- other fresh and chilled pork
ALUMINUM
- scrap aluminum
15% TARIFF
FRUIT
- apples, fresh or dried;
- coconut, fresh and dried;
- bananas, fresh or dried;
- pineapple;
- pomegranates;
- mangos;
- grapefruit;
- grapes;
- watermelon;
- cherries;
- strawberries;
- dried apricots
NUTS
- brazil nuts,
- cashews,
- almond kernels,
- walnuts,
- macadamia nuts,
- pine nuts
WINE
- sparkling wine
HERBS
- ginseng
PIPES
- stainless steel and alloy pipe used for petroleum or natural gas, multiple diameters
15% ADDITIONAL TARIFF
ETHANOL
- alcohol produced from corn or sugar
- can be mixed with gasoline to reduce air pollution from vehicle emissions.
- in addition to current 30% duty.
Recently, the Office of the U.S. Trade Representative (USTR) published the proposed list of products imported from China that may be subject to additional tariffs based on the Section 301 Investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation.
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