China is ready to levy additional tariffs on about $60 billion of imports from the U.S., ChinaFastener.Info reports.
The move is reportedly a response to U.S. President Donald Trump’s August 2 decision to hike the Section 301 tariff rate on $200 billion worth of Chinese goods, including fasteners, to 25% from 10%.
If implemented, the 25% duty on imports from China would be the third round of Section 301 tariffs on Chinese goods imposed by the Trump administration. Trump has said the tariffs are in response to China’s unfair trade practices. A decision is expected by the end of September.
In response, China plans to slap additional tariffs on 5,207 categories of U.S. products, including fasteners, according to ChinaFastener.Info.
China’s latest round of tariffs would become effective “if the U.S. further hinders bilateral trade by renewing tariffs on more Chinese products,” the Customs Tariff Commission of the State Council announced.
Fasteners on the list include:
Tariff rate of 25%:
73181200 Other wood screws
Tariff rate of 20%:
73160000 Anchors, grapnels and parts thereof, of iron or steel
73181400 Self-tapping screws
73181590 Other screws and bolts (whether with or without nuts or washers, not for civil aircraft maintenance and repair)
73182100 Spring washers and other lock washers
73182300 Rivets
73201090 Other leaf springs and leaves for springs, of iron or steel
73202010 Helical springs, of iron or steel, for railway locomotives and rollingstock
73209090 Other springs of iron or steel
74152100 Washers (including spring washers), of copper
74152900 Other articles, not threaded, of copper
74153390 Other screws, bolts and nuts, of copper or of iron or steel with heads of copper
74199110 Other articles of copper, for technical, cast, moulded, stamped, but not further worked
74199991 Other articles of copper, for technical use
74199999 Other articles of copper, not for technical use
Tariff rate of 10%:
73170000 Nails, tacks, drawing pins, corrugated nails, staples (other than those of heading No.83.05) and similar articles, of iron or steel, whether or not with heads of other material, but excluding such articles with heads of copper
73181100 Coach screws
73181300 Screw hooks and screw rings
73181510 Screws and bolts with tensile strength 800MPa or more (whether or not with their nuts or washers)
73181600 Nuts
73181900 Other threaded articles, not elsewhere specified or included
73182200 Other washers
73182400 Cotters and cotter pins
73182900 Other non-threaded articles
73194010 Safety pins of iron or steel
73199000 Other sewing needles, knitting needles, bodkins, crochet hooks, embroidery stilettos and similar articles, of iron or steel; not elsewhere specified or included
73202090 Other helical springs of iron or steel
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