Connect with us

News

China Announces Retaliatory Tariffs on U.S. Autos, Auto Parts

China announced Aug. 23 that it would be imposing retaliatory tariffs on $75 billion of U.S. goods, including American autos and auto parts.

Advertisement

China announced Aug. 23 that it would be imposing retaliatory tariffs on $75 billion of U.S. goods, including American autos and auto parts.

Advertisement
Click Here to Read More
Advertisement

The announcement came in response to the Trump Administration’s decision to impose tariffs on USTR’s Section 301 List 4 products, the Auto Care Association says.

China’s proposed tariffs, ranging from 5-25%, would go into effect in two phases on Sept. 1 and Dec. 15, 2019. The dates mirror the timeline of when the Section 301 List 4 tariffs would go into effect.

A 25% tariff on autos and 5% tariff on auto parts will go into effect in the second phase on Dec. 15, 2019. Other products impacted by the retaliatory tariffs include agricultural goods and crude-oil.

Advertisement
Click to comment

Loading Post...

Loading Post...

Loading Post...

Advertisement

POPULAR POSTS

Buyer Beware? Chinese Tires Mean Different Quality Levels

News

Cooper Introduces CS5, Phases Out CS4

News

Michelin Rolls Out Premier LTX

Featured

Toyo’s Celsius Plans to One-up All-Season Tires

Connect