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You'll pay more for these, thanks to tariffs
01:44
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- Source:
CNN Business
BeijingCNN
—
China on Friday unveiled tariffs on another $75 billion worth of US goods, the latest escalation in the trade war between the two countries. The additional tariffs of 5% or 10% will be levied on 5,078 products, including soybeans, coffee, whiskey, seafood and crude oil.
China’s Finance Ministry said the tariffs will roll out in two phases, the first beginning next month.
Tariff List 1 – effective September 1 :
Part 1: 270 items will be imposed with a 10% tariff, including seafood, fish, crab, shrimp, fruit, nuts
Part 2: 646 items will be imposed with a 10% tariff, including: beef, chicken, potato, wheat, soybean, TCM, steel
Part 3: 64 items will be imposed with a 5% tariff, including: cream
Part 4: 737 items will be imposed with a 5% tariff, including: turkey, chemicals
Tariff List 2 – effective December 15:
Part 1: 749 items will be imposed with a 10% tariff, including: coffee, corn, caviar, chemicals, cars, buses, scooters, bikes
Part 2: 163 items will be imposed with a 10% tariff, including: cars, motorcycles
Part 3: 634 items will be imposed with a 5% tariff, including: whiskey and cigars
Part 4: 1815 items will be imposed with a 5% tariff, including: wood, floors, doors, clothing, CDs, TVs, lights, automobile parts, pens