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September 19, 2018

China hits back with duties on US starting September 24; list of wood products updated

China hits back with duties on US starting September 24; list of wood products updated
In response to US measures, China will overtax products imported from that country. The Chinese Government Customs Tariff Commission has specified it today. The taxes are valued at US $ 60 billion and include a long list of wood products.     Initially, China had considered tiered retaliatory taxes ranging from 25% to 5% (25, 20, 10, 5). But as the US has decided for the time being only a surcharge of 10%, the Chinese have reduced their retaliatory taxes to 10 and 5%. In case the US passes 25%, China will line up.    Below ...

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