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.
On April 4, 2018, the People’s Republic of China’s Ministry of Commerce (MOFCOM) and Ministry of Finance (MOF) separately announced a proposal to levy retaliatory tariffs of 25 percent....