Cn china implements retaliatory 25 percent tariffs on

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CN: China implements retaliatory 25 percent tariffs on 333 goods originating from the US (worth US$16 billion), including commodities such as: coal, copper scrap, fuel, buses and medical equipment. The full and finalized List 2 can be found here . China also files a new WTO complaint against the United States’ Section 301 tariffs on Chinese goods issued on August 23 under List 2 (25 percent tariffs on US$16 billion). Day 48-49: August 22-23, 2018 – US-China dialogue US and Chinese mid-level representatives meet for the first time since early in the trade war. US Treasury Under Secretary David Malpass and Chinese Commerce Vice Minister Wang Shouwen met in Washington DC to discuss ways to resolve the
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deepening trade conflict and escalating tariffs. Discussions end with no major breakthroughs. Day 40 : August 14, 2018 – China files WTO claim against US The Chinese Ministry of Commerce announces that a formal case has been lodged at the WTO against the US for its tariffs on solar panels, alleging that US tariffs have damaged China’s trade interests. Day 33: August 7, 2018 – Second round of tariffs finalized and released US : US releases a revised version of tariffs on a final list of US$16 billion worth of imports from China ( List 2 ). Set to take effect August 23, List 2 announces that the US$16 billion of imports will now be subject to a 25 percent tariff rather than previously announced 10 percent. Five of the 284 items in the original list published on June 15 were removed, these being: alginic acid, splitting machines, containers, floating docks, and microtomes (collectively worth US$400 million in 2017). CN: China’s Ministry of Commerce announces a reciprocal 25 percent additional tariff on US$16 billion of US exports to China, effective August 23, 2018. The tentative List 2 can be found here . Day 29: August 3, 2018 – China announces second round of tariffs on US products In response to potential US tariffs on US$200 billion worth of products announced on August 1, 2018 ( List 3 ), China’s Ministry of Commerce proposes a range of additional tariffs on 5,207 products originating from the US (worth US$60 billion), including the following: 25 percent on 2,493 products (agricultural, products, foods, textiles and products, chemicals, metal products, machinery); 20 percent on 1,078 products (foods, paperboard, chemicals works of art); 10 percent on 974 products (agricultural products, chemicals, glassware); and
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5 percent on 662 products (chemicals, machinery, medical equipment). The tentative List 3 can be found here . Day 28: August 2, 2018 – US tariffs revisions (US$200 billion) The USTR, at the direction of Trump, considers a 25 percent tariff rather than a 10 percent one on List 3 , which was originally announced on July 10, 2018. The list targets approximately US$200 billion worth of goods and includes categories such as: consumer products, chemical and construction materials, textiles, tools, food and agricultural products, commercial electronic equipment and vehicle/automotive parts.
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