Chinese Import Tariffs May Climb Higher
The U.S. government is taking comments on a proposal to increase the tariff on Chinese
imports from the current 10 percent rate up to 25 percent. The tariff increase would cover a wide selection of Chinese imports, including fruits, vegetables, garlic, and more.
On June 18th, President Trump directed U.S. Trade Representative Robert Lighthizer to identify another $200 billion worth of Chinese goods for additional tariffs at a 10 percent rate. China retaliated in kind with duties on U.S. imports. Now, Lighthizer says the President asked him to consider raising the proposed rate of the additional duty from 10 percent up to 25 percent. Some of the fresh Chinese imports will include onions, apples, cauliflower, and broccoli. The comment period will close on September 5th.
The USDA says it’s working on their three-pronged approach to help growers hurt by the retaliatory tariffs. However, California leaders are critical of the plan, saying they’re asking Congress to provide more support to specialty growers, who they fear won’t necessarily be helped by the tariff relief plan.
Source; NAFB News