The us department of commerce also adds 44 chinese

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The US Department of Commerce also adds 44 Chinese entities to its export control list that pose a “significant risk” to US national security. Day 5: July 10, 2018 – US releases second tariff list US: The USTR releases a third list of tariffs ( List 3 ) of over 6,000 commodities originating in China (worth US$200 billion), which will be subject to a 10 percent tariff. Day 1: July 6, 2018 – US implements first China-specific tariffs US: The US Customs and Border Protection (CBP) begins collecting a 25 percent tariff on 818 imported Chinese products ( List 1 ) valued at US$34 billion – giving effect to the first round of tariffs, which were revised and announced on June 15, 2018. RELATED SERVICES REGULATORY MONITORING Meanwhile, the second round of tariffs discussed in List 2 is under review, which proposes implementing a 25 percent tariff on 284 Chinese products (worth US$16 billion). Commodities targeted in this round of tariffs include: iron or steel products, electrical machinery, railway products, instruments and apparatus.
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CN: China takes retaliatory measures by imposing a 25 percent tariff on 545 goods originating from the US (worth US$34 billion), including agricultural products, automobiles and aquatic products. The full and finalized List 1 can be found here . Events leading up to the US-China trade war June 16, 2018: China revises its initial tariff list (25 percent on 106 products) to now include a 25 percent tariff on 545 products (valued at US$34 billion). This tariff will take effect July 6, 2018. China also proposes a second round of 25 percent tariffs on a further 114 products (valued at US$16 billion). June 15, 2018: Initial list of products reduced and finalized. List 1 now implements a 25 percent tariff on a reduced 818 products (from 1,334) and is set to take effect on July 6, 2018. List 2 of 284 new products is also announced and under consideration. June 7, 2018: US and ZTE agree to deal that will allow ZTE to resume business. June 4-5, 2018 : Two days of trade talks between US and China held in Beijing. May 29, 2018: US reinstates tariff plans after brief truce. May 20, 2018: US and China agree to put the trade war on hold after China reportedly agrees to buy more US goods. May 18, 2018: China’s Commerce Ministry announces that it will stop tariffs on US sorghum at negotiations. May 13, 2018: Trump promises to help ZTE in a tweet. May 3-7, 2018: US-China engage in trade talks in Beijing, where the US demands that China reduce the trade gap by US$200 billion within two years. Talks end with no resolution. April 17, 2018: China announces antidumping duties of 178.6 percent on imports of sorghum from the US.
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April 16, 2018: US Department of Commerce concludes that Chinese telecom company ZTE violated US sanctions. US companies are banned from doing business with ZTE for seven years. April 4, 2018: China reacts to USTR’s initial list, and proposes 25 percent tariffs to be applied on 106 products (worth US$50 billion) on goods such as soybeans, automobile, chemicals (list revised on June 16).
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