The tariffs will apply to products originally released in Announcement 6,which amends the tariffs announced last September.Products affected include beef, lamb, pork, vegetables, juice, cooking oil, tea, coffee, refrigerators, and furniture, among many others.Alongside tariff increases, the State Council Customs Tariff Committee have also launched a tariff exemption system for certain eligible products. (See full Chinese announcement hereand unofficial English version here). On a trial basis, the document allows imported US products to be temporarily exemptedfrom additional tariffs; tariffs can be refunded for the eligible products that have already been taxed.The USTR also announcesthat they will hold a public hearing on June 17, 2019 on the possibility of imposing 25 percent tariffs on a further US$300 billion worth of Chinese imports, including cellphones and laptops.Day 310: May 10, 2019 – US increases tariff from 10 percent to 25 percent US increases tariffs on US$200 billion worth of Chinese goods (List 3) from 10 percent to 25 percent, as the US and China fail to reach a deal following the end of the first day of the eleventh round of high-level trade talks.The tariff increase will be effective from May 10, 2019 at 12:01 am (EST), with goods leaving from China to the US before midnight still taxed at the previous 10 percent rate. (See full notice here).In response, China’s Ministry of Commerce releases a statementannouncing that it “deeply regrets” the tariffs and that “necessary countermeasures” will be taken.Day 305: May 5, 2019 – Trump threatens to raise tariffs on China
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Trump saysthat the US will increase tariffs on US$200 billion worth of Chinese productsfrom 10 percent to 25 percent, effective Friday, May 10. The tariffs would apply to the products included on List 3, which have been subject to 10 percent tariffs since September 24, 2018. The tariffs on List 3 were initially scheduled to increase to 25 percent on January 1, 2019, until the US and China agreed to delay the increase until March 1, 2019 and then later agreed to delay them indefinitely.Trump also says that he would come up with new tariffs of 25 percent on an additional US$325 billion worth of Chinese goods, which would cover essentially all remaining Chinese products. Trump says that the tariff increase is being done because the Chinese side is attempting to “renegotiate” the trade deal and is backsliding on commitments.Day 299-300: April 30-May 1, 2019 – US and China hold trade talks in BeijingUS and Chinese negotiators continue trade talks in Beijing on Tuesday, April 30 and Wednesday, May 1. Mnuchin callsthe talks “productive” and confirms that the two sides will continue negotiations in Washington the next week.Day 279: April 10, 2019 – US and China agree to establish trade deal enforcement officesUS Treasury Secretary Steve Mnuchin says that the US and China have agreed to establish “enforcement offices” to monitor the enforcement of the trade deal, which has yet to be finalized. According to media reports
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