China: China Raises Tariffs on U.S. Agricultural Products
On May 13, 2019, the People’s Republic of China’s Ministry of Finance (MOF), State Council Tariff Commission (SCTC) announced that supplementary import tariffs levied on certain U.S. products would be increased. The announcement includes four annexes and specifies tariff increases to 25, 20, 10, and 5 percent, affecting over 300 U.S. agricultural products valued at approximately $3 billion in 2017. Some 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 and will be effective beginning on June 1, 2019. U.S. exporters should check with their local importers to verify changes in tariff treatment.