China: China Announces Increases to Additional Tariffs

  |   Attaché Report (GAIN)

On August 23, 2019, the People’s Republic of China’s Ministry of Finance (MOF), State Council Tariff Commission (SCTC) announced new tariffs on certain U.S. products, valued at $75 billion USD. The announcement includes two lists; List 1 is to be implemented on September 1, 2019 and List 2 is to be implemented on December 15, 2019. Additional tariffs of 10 or 5 percent are applied to the harmonized schedule tariff lines on each list. Many of these products are also subject to earlier tariff increases by China. This brings the total number of U.S. agricultural and related products targeted by additional Chinese tariffs since April 2018 to over 1,000 products. The increased tariffs will be calculated in aggregate with earlier additional tariffs.

China: China Announces Increases to Additional Tariffs

 

Related Reports

Attaché Report (GAIN)

Thailand: Cotton and Products Update

Post forecasts MY2022/23 cotton imports to increase 4 percent but remain well below the 5-year average annual import demand from MY2017/18 – MY2021/22 in anticipation of slow economic recovery in 2023.
Attaché Report (GAIN)

Hong Kong: The Hong Kong Wonton - Volume 3 Issue 6

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Aspiring Chefs Explore “The Science of Souffle” With U.S. Ingredients and Local Flavors
Attaché Report (GAIN)

Brazil: Food Processing Ingredients

The Brazilian Food Processors' Association (ABIA) reported that the food processing sector in Brazil had revenue of US$209 billion in 2022, showing a growth of 16.6 percent compared to the previous year.