China Announces Tariffs on Approximately $75 Billion Worth of Products Originating from the U.S.

Posted by Matt Schmitt on 8/28/19 5:00 PM

On August 23, 2019, China’s Ministry of Finance announced additional tariffs on goods of U.S. origin worth an approximate trade value of $75 Billion.

The additional tariffs will add additional tariffs in two rounds, going into effect on September 1, 2019, and December 15, 2019, respectively. The approximately 5,078 commodities on the two lists will be subject to additional tariffs of either 5 or 10 percent.

 

The original Chinese announcement may be found here:

http://gss.mof.gov.cn/zhengwuxinxi/zhengcefabu/201908/t20190823_3372928.html

Product List 1 will be entered into effect on September 1 may be found here:

http://gss.mof.gov.cn/zhengwuxinxi/zhengcefabu/201908/P020190823604938915640.pdf

Product List 2 will be entered into effect on December 15 may be found here:

http://gss.mof.gov.cn/zhengwuxinxi/zhengcefabu/201908/P020190823604939266141.pdf

Topics: China, Tariffs