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U.S. announces additional tariffs on China

The Trump administration has announced a

new list of tariffs

on roughly 16 billion Chinese goods to take effect August 23.

Only five product items were deleted from what was initially proposed on June 15. Semiconductors, among the largest categories, remain on the list. Other products that will be subject to the hefty duties include electronic integrated circuits, motorcycles, and railway and farm equipment.

A trade representative for U.S. President Donald Trump also said the $200 billion proposed

list of tariffs

, of June 20, is being increased from 10% to 25% to heighten pressure on China to drop “its harmful policies and behavior.”

In response, the Chinese government said it will impose a 25% tariff on 333 categories of U.S. products, including coal, bicycles, trucks and vehicle engines and chemicals, that will go into effect the same day.

Updates will be issued as new information becomes available.

For more information please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905) 882-4880, ext. 213.

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