August 7, 2018
Responding to the U.S. push for higher tariffs on Chinese goods, Chinese officials announced Friday they would impose new tariffs on $60 billion of U.S. products, adding up to more than 5,200 items.[…]The U.S. detailed the possible list of goods subject to possible new tariffs in the Federal Register with the comment period on these measures now extended until Sept. 5. The items listed include a broad array of seafood items from China, as well as other agricultural products such as dairy and vegetable products. Industrial chemicals, including pesticides, are also part of the list, as well as an array of consumer goods. A hearing in Washington is scheduled for Aug. 20. To see the full list of Chinese goods the U.S. is proposing to add tariffs on, visit https://goo.gl/…. Chinese officials on Friday did not immediately detail the list of other U.S. products that would face additional tariffs. Most agricultural exports from the U.S., including soybeans, pork, fruits, vegetables and nuts, have already been hit with tariffs. Soybeans, the largest U.S. ag export to China, valued at $14 billion last year, were hit with a 25% tariff in July. Pork products now have a 62% tariff because of multiple retaliatory tariffs going back to April.Both the Trump administration and China’s Foreign Ministry maintain the other country’s tariff actions are illegal.
