China imposed retaliatory tariffs on imports from the USA
China imposed retaliatory tariffs on imports from the USA
The Chinese government has announced its hit back on imports from the USA in an escalated trade tension between the two countries. Trade officials released the first list of USA products that will be subjected to 25% tariffs starting 6 July. The list covers 545 American products, including soybeans, electric vehicles, a range of hybrid electric vehicles, a variety of seafood and pork that worth USD34 billions.
On the second list, another 114 US goods face the same tariff, yet no implementation date was announced. Crude oil, diesel and petrochemical products are enlisted here.
Following table shows the USA’s petrochemical products that are subjected to 25% tariffs at a later date.
|
HS code |
Description |
|
27111400 |
Liquefied ethylene, propylene and butadiene |
|
29261000 |
Acrylonitrile |
|
39011000 |
Polyethylene with a primary shape specific gravity of less than 0.94 |
|
39014090 |
Other ethylene-α-olefin copolymers, specific gravity less than 0.94 |
|
39019090 |
Other polymers of ethylene, in primary forms |
|
39041090 |
Pure PVC powder; other primary form pure PVC |
|
39069090 |
Other acrylic polymers in primary forms |
|
39072090 |
Other polyethers, in primary forms |
|
39079999 |
Other polyesters |
|
39073000 |
Epoxide resins |
|
39074000 |
Polycarbonates, in primary forms |
|
39209990 |
Other plastic non-foam plastic sheets |
|
39269090 |
Other plastic end products |
|
39219090 |
Other plates, sheets, film, foil and strip, of plastics |
|
39206200 |
Plates, sheets, film, foil and strip, of poly(ethylene terephthalate), noncellular and not reinforced, laminated, supported or similarly combined with other materials |
|
Source: Translated based on Chinese Ministry of Finance’s announcement |
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