China Announces Section 301 Retaliation on U.S.

On Tuesday, April 3 the Chinese Ministry of Commerce announced its intention to implement a 25 percent tariff on $50 billion in U.S. origin goods in response to the ongoing U.S. 301 investigation. This move follows the Trump Administration’s recommendation that a 25 percent tariff be applied to $50 billion of Chinese goods, including aerospace, information and communication technology, robotics, and machinery. The Chinese list of products includes soybeans, durum wheat and certain types of aircraft. These actions follow recently implemented tariffs by the U.S. on Chinese steel and aluminum under Section 232 and $3 billion in retaliatory tariffs in response.