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China: Additional customs tariffs proposed for U.S. imports

China: Customs tariffs proposed for U.S. imports

The Ministry of Finance announced additional customs duty tariffs of up to 25% would be imposed on numerous products imported into China from the United States.

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According to a Ministry of Finance release (Chinese), the new customs tariffs would be imposed in response to new tariffs being proposed on Chinese imports by the United States. 

Previously, it was announced that China would begin to collect additional duties on products imported from United States including agricultural products, vehicles, and aquatic products, and in a second round, additional duties on imported products from United States including chemical products, medical equipment, and energy products. The United States then announced in early August 2018 that an additional 25% customs duty would be imposed on U.S. $200 billion of imports from China. Read TradeNewsFlash

China responded with the new lists of products and customs duties subject to the proposed increased customs duties (ranging from 5% up to 25%) in an August 2018 release from the Ministry of Finance. 

  • Read a list of U.S. products [PDF 468 KB] that would be subject to a 5% additional tariff (the list is currently available only in Chinese).
  • Read a list of U.S. products [PDF 582 KB] that would be subject to a 10% additional tariff (the list is currently available only in Chinese).
  • Read a list of U.S. products [PDF 635 KB] that would be subject to a 20% additional tariff (the list is currently available only in Chinese).
  • Read a list of U.S. products [PDF 950 KB] that would be subject to a 25% additional tariff (the list is currently available only in Chinese).

 

For more information, contact a KPMG trade and customs professional in China:

Rachel Tao | +86 21 2212 3473 | rachel.tao@kpmg.com 

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner, Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

Andy Siciliano
Partner, National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Irina Vaysfeld
Principal
T: 212-872-2973
E: ivaysfeld@kpmg.com

Robert Waldrop
Principal
T: 212-954-8117 
E: rwaldrop@kpmg.com

Christopher Young
Principal
T: 312-665-3229
E: christopheryoung@kpmg.com

George Zaharatos
Principal
T: 404-222-3292
E: gzaharatos@kpmg.com

John L. McLoughlin
Principal, East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal, WNT
T: 212-954-3094
E: labad@kpmg.com

Amie Ahanchian
Managing Director
T: 202-533-3247
E: aahanchian@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

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