China: China Announces Increases to Additional Tariffs on U.S. Agricultural Products

  |   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 and 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, valued at approximately $22.6 billion in 2017. The increased tariffs will be calculated in aggregate with earlier additional tariffs.

China: China Announces Increases to Additional Tariffs on U.S. Agricultural Products

 

Related Reports

Attaché Report (GAIN)

Malaysia: Oilseeds and Products Update

Post adjusts the Marketing Year (MY) 2021/22 palm oil production forecast down to 18.2 million metric tons (MT), due to ongoing labor shortages. The MY2021/22 palm oil export estimate is revised to 16 million MT, a drop of 500,000 MT due to the estimated drop in production and resumption of Indonesian palm oil exports. Palm oil prices continue to fall as key buyers, India and China, prefer soybean oil to palm oil.
This report gives an overview of the food service – hotel, restaurant, and institutional sectors in Honduras and outlines current market trends, including best product prospects. In general, Hondurans like to dine out, both for convenience (mainly people working outside of the home) and on the weekends with family.
Attaché Report (GAIN)

Vietnam: Oilseeds and Products Update

Post revises the total feed demand forecast down to 26.6 million tons in MY2021/22 as Vietnam continues to face issues with African Swine Fever, inflation, and high feed ingredient costs.