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U.S. Levies Additional Tariffs on Chinese Goods

Friday, June 15, 2018

(North American Meat Institute)

The Trump administration announced it will impose an additional 25 percent tariff on 818 Chinese imports worth about $34 billion effective July 6. The administration is also proposing tariffs on approximately $16 billion of new products, which it said would undergo further review, including public hearings. The tariffs target Chinese imports containing industrially-significant technologies, including those related to the country’s “Made in China 2025” industrial policy. China’s Commerce Ministry, meanwhile, responded promising 25 percent retaliatory tariffs on U.S. agricultural exports, automobiles and aquatic products, including on beef, pork and poultry. Additional information about the tariffs and comment process is summarized by the law firm Hogan Lovells.

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