6 Aug 2018
Mainland China Considering Retaliatory Duties on US$60 Billion Worth of U.S. Products
Mainland China on 3 August unveiled plans to impose additional tariffs on 5,207 items worth US$60 billion from the United States in response to President Trump’s 1 August directive to U.S. Trade Representative Robert Lighthizer to consider modifying a 10 July proposal to impose an additional 10 percent tariff on approximately US$200 billion worth of imports spanning 6,031 tariff lines from mainland China by hiking the proposed tariff rate from 10 to 25 percent. A total of 2,493 tariff lines would be hit with a 25 percent additional duty under Beijing’s newest proposal, 1,078 tariff lines would face a 20 percent additional duty, 974 tariff lines would be subject to a 10 percent additional duty, and a five percent additional duty would be imposed on 662 tariff lines.
A statement by mainland China’s Customs Tariff Commission of the State Council asserted that “if the United States acts wilfully and puts its additional tariff measures into effect, China will instantly implement such tariff measures.” The statement added that “the United States violated consensuses reached by multiple bilateral negotiations and once again unilaterally escalated trade frictions.” The Commission noted that mainland China “has taken the countermeasures to safeguard its own legitimate rights and interests and to curb the escalation of trade frictions.”