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China clarifies tariff hike rate, exemption issues for listed U.S. imports

From ecns.cn

Imports from the United States that appear more than once on China's tariff hike lists will be subject to the combined tariff rates, the Customs Tariff Commission of the State Council said Thursday. China has launched three rounds of countermeasures to deal with U.S. tariff hikes since July 2018, the commission said in a statement. The country announced the third round of tariff countermeasures on Aug. 23, including imposing additional tariffs on 5,078 U.S. products worth about 75 billion U.S. dollars, to be implemented in two batches at 12:01 p.m. Beijing time on Sept. 1 and at 12:01 p.m. on Dec. 15, respectively. ... (full story)

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  • Category: Fundamental Analysis