China: China Implements Schedule II of Its 301 Retaliatory Tariffs

On August 23, 2018, the People’s Republic of China's Ministry of Commerce (MOFCOM) implemented the tariffs listed in Schedule II, originally announced on June 16 (see CH18034), then revised on August 9 (see CH18047). The Schedule II tariffs cover $16 billion USD of trade, with a tariff rate of 25 percent. Only a few agricultural and agricultural-related products are included in Schedule II. U.S. exporters of the affected commodities should be aware that the new tariffs were effective August 23, and should check with local importers to verify changes in tariff treatment. 

China: China Implements Schedule II of Its 301 Retaliatory Tariffs