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China: New tariffs on imports from the United States

China: New tariffs on imports from the United States

China is imposing tariffs on certain products imported from the United States, in response to the U.S. section 232 tariff measures being imposed on steel and aluminum products imported into the United States. According to news reports today, the tariffs that were proposed in March 2018 have been finalized.

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In March 2018, a Ministry of Commerce release (English) proposed tariffs on 128 products across seven categories. Read TaxNewsFlash

  • The first part covers a total of 120 products, including fresh fruits, dried fruits and nut products; wines; modified ethanol; American ginseng; and seamless steel pipes, subject to a 15% tariff. 
  • A second part covers a total of eight products, including pork and pork products, recycled aluminum, and other products, subject to a 25% tariff.

Separately, the U.S. president issued an order directing the U.S. Trade Representative to prepare a list of goods imported from China that will be subject to tariffs. Those proposed tariffs are to be a total of approximately $50 billion, and would be aimed at China’s policies concerning technology transfers and intellectual property. Read TaxNewsFlash

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

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