China Slaps Higher Tariffs on US Foods

On May 13, 2019, Ministry of Finance of the People’s Republic of China (MoF) announced tariff hikes on US goods^[1] in retaliation for increased levies (up from 10% to 25%) on $200bn worth of Chinese goods. Four lists of goods containing 5140 items are subject to 25%, 20%, 10% and 5% tariff increase respectively. The announcement will take effect on June 1.