China Proposes Increase in Tariffs on US Products
Mar. 26th, 2018
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Takehome:
- China proposes to increase tariffs on American products to protect its trade interests. Fruit, wine, and meat are all targets.
On Mar. 23, 2018, China Ministry of Commerce announced a proposed tariff increase on American products in response to a recent increase in tariffs made by the US on Chinese steel and aluminum products. Concessions Suspension list is opened for public feedback, including 7 product categories (amounting to 128 tax items) targeting 3 billion dollars’ worth of US exports to China. Food accounts for the majority of proposed tariff increases. ……
