U.S. Tariffs on China Take Effect
July 06, 2018
As expected, the U.S. implemented levies on $34 billion of China’s exports at midnight. This shortly follows Beijing levying duties on the same value of U.S. exports. Canada, Mexico, the European Union and Turkey have also published retaliation lists. However, only the EU and China have announced specific punitive tariffs on U.S. dry bean imports. China’s total annual U.S. dry bean imports are less than 100 metric tons.