Toronto, August 23, 2018
As U.S. and Chinese officials are currently conducting mid-level trade talks in Washington D.C., the list of 25% tariffs, announced by the Trump Administration on August 10th, were implemented today on roughly $16 billion of Chinese goods.
The list of 279 HS tariff classifications includes plastics, semiconductors, electronic integrated circuits, motorcycles, and railway and farm equipment.
The Chinese government has imposed a 25% tariff on $16 billion of U.S. imports today as well.
The world's two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion in products since early July, with more in the pipeline, adding to risks to global economic growth.
Updates will be issued as new information becomes available.
For more information please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905) 882-4880, ext. 213.