The US Trade Representative recently released a new list of approximately 1,300 tariff lines of imports from China that will be imposed with import duties of 25% under the 301 Process. This is in retaliation of the duties China imposed earlier this week on agricultural imports from the US.
This new list is quite extensive, targeting many Chinese exports with emphasis on industrial equipment, machinery, and related materials. In response to such a heavy blow, it is quite possible China will respond with even greater backlash of duties to our agricultural exports.
We will continue to monitor this situation and provide updates accordingly. Again, if you have any questions or concerns, please feel free to contact us.