On Friday, Aug. 23, China announced it will impose retaliatory tariffs on $75 billion of U.S. goods, including American automobiles and auto parts. The announcement comes in response to the Trump Administration’s decision to impose tariffs on USTR’s Section 301 List 4 products.
China’s proposed tariffs – ranging from 5% to 25% – would go into effect in two phases on Sept. 1 and Dec. 15. The dates mirror the timeline of Section 301 List 4 tariffs.
A 25% tariff on automobiles and 5% tariff on auto parts will go into effect in the second phase on Dec. 15. Other products impacted by the retaliatory tariffs include agricultural goods and crude oil.