China Announces Retaliatory Tariffs on US
China will impose tariffs on about $75 billion worth of U.S. goods in retaliation for the coming 10 percent Section 301 tariffs on $300 billion in Chinese goods, China’s State Council said, according to an unofficial translation. China said it will impose either 10 percent or 5 percent tariffs on more than 5,000 U.S. products. The tariffs will be imposed in two separate batches on Sep. 1 and Dec. 15, China said.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The State Council also said it is imposing 25 percent tariffs on cars, as well as 5 percent tariffs on auto parts, beginning Dec. 15. China had announced it would temporarily suspend those additional tariffs as of Jan. 1 as a gesture of good faith in negotiations with the U.S., and had extended the suspension on April 1.