New China Tariffs

New China Tariffs

On Tuesday August 6, the U.S. Trade Representative announced a finalized list of $16 billion worth of Chinese products that will be affected by the latest set of 25 percent tariffs, beginning August 23. The final list of goods can be found here, and includes a range of chemical and industrial goods such as semiconductor products, chemicals, batteries and plastics. Several consumer items like television remote controls, guitar pedals and selfie sticks also made the list.

China’s Ministry of Commerce recently announced that it will match these tariffs with 25 percent tariffs on $16 billion of American goods. In it’s latest set of tariffs, China is targeting goods ranging from steel products and crude oil to medical equipment and autos.