August 23, 2019 – Today, the Chinese Ministry of Finance announced the intent to retaliate against the U.S. upcoming “List 4A and 4B” duties. Two separate notices were released. The first notice pertains to additional tariffs of 5 or 10 percent to a list of $75 billion worth of U.S. exports. The exports impacted in this first notice will be handled similarly to the U.S. tariffs imports and implemented in September and December. The Ministry of Finance has split their list in the first notice into groups impacted by either 5 or 10 percent tariffs.
The second notice released by the Chinese MOF states the plan to re-apply previously suspended duties on various automotives and automotive parts. This will be implemented December 15.
More information will be shared in the upcoming days.