China to Levy Increased Tariffs on US Products
Jun 20, 2018
Yilia Ye
China will impose a 25% tariff increase on 34 billion worth of US imports, including dairy, meat, and aquatic products. This policy will become effective on July 6th, 2018.
On Jun. 16, 2018, China Ministry of Commerce announced the pending increase in tariffs on US products, which will impact 34 billion dollars worth of goods. 545 items will have tariffs increased by 25% starting on July 6th. In addition it is proposed that items such as chemicals, healthcare equipment and energy products will also be subject to an increase in tariffs of 25%, impacting a further 16 billion dollars of US exports to China. This policy is a response to the US tariff increase on Chinese products which began on July. 6.
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