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Current Position:Home » News » General News » Topic

China to Impose Tariffs on Nearly All US Dairy Imports

Zoom in font  Zoom out font Published: 2018-09-21
Core Tip: China’s finance ministry announced on Tuesday that it will impose retaliatory tariffs next week on nearly $60 billion worth of U.S. imports in reaction to the Trump administration’s plans to place 10-percent duties on another $200 billion in Chinese goods
China’s finance ministry announced on Tuesday that it will impose retaliatory tariffs next week on nearly $60 billion worth of U.S. imports in reaction to the Trump administration’s plans to place 10-percent duties on another $200 billion in Chinese goods. Starting Sept. 24, the Chinese will target U.S. lactose, infant formulas, ice cream, chocolate milk and whey proteins and isolates. The move means that nearly all U.S. dairy products exported to the country will face additional import taxes.
 
“This action will have a significant impact on IDFA members who export their products to our third largest export market,” said Beth Hughes, IDFA senior director of international affairs. 
 
Proposed Retaliatory Tariffs on US Dairy Exports to China
 

Product Category

Current Tariff

Retaliatory Tariff

Effective Tariff (Current+ Retaliatory)

Amount Exported from US to China in 2017

Lactose

10%

5%

15%

$42,439,763

Lactose Syrup

10%

5%

15%

$19,500,538

Powdered Infant Formula

5%

10%

15%

$32,570,253

Other Infant Foods

2%

10%

12%

Foods Made from Malt Extract

5%

10%

15%

$8,253,605

Ice Cream

12%

10%

22%

$2,141,446

Chocolate Milk

5%

10%

15%

$740,514

Casein

10%

10%

20%

$810,242

Caseinates and Other

10%

10%

20%

$5,036,892

Milk Albumin

10%

5%

15%

$58,563,378

Other Albumin

10%

10%

20%

$1,776,019

President Trump on Wednesday threatened to retaliate again if China goes through with the additional taxes on agriculture products. In a tweet, he said “There will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!”

The administration plans to bump its latest 10-percent tariffs up to 25-percent in January.

 


 
 
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