UPDATE: China Releases Second Round of Retaliatory Tariffs on U.S. Goods

Posted on 08/08/2018 9:25 AM

China today announced 25% tariffs on 333 additional U.S. goods covering around $16 billion in reaction to the U.S.’s second tranche of tariffs on Chinese imports Tuesday afternoon. This second set of Chinese tariffs will go into effect Aug. 23, the same day the next round of U.S. tariffs are implemented. China’s Commerce Ministry called the U.S. tariffs “very unreasonable” and said its counter-measures were necessary.

The list includes a variety of energy products, including diesel and "other diesel/other fuel oils" and liquefied propane. Fish meal is also included. But there aren't many ag-specific goods on the list for this second set of tariffs. Most of the key ag commodities were slapped with a 25% tariff in the first round of Chinese retaliation. 

With the U.S. and China volleying additional tariffs and no high-level negotiations between the two sides on tap, this continues to indicate the process of resolving this trade dispute is going to continue to take longer than many expect/hope.

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