In response to the U.S. imposition of an additional 10% tariffs on imported Chinese goods, China has announced new retaliatory measures. Effective February 10, 2025, China will:
- Impose a 15% tariff on U.S. coal and liquefied natural gas (LNG)
- Impose a 10% tariff on crude oil, farm equipment, and some automobiles
In addition, certain products of China and Hong Kong are no longer eligible for the administrative exemption from duty and certain tax. Effective February 4, 2025, such goods may not receive so-called “de-minimis” clearance and enter duty and tax free.
This move is part of an ongoing trade dispute between the two largest economies, with both sides implementing measures that impact global trade dynamics.
There was no delay to the U.S. imposition of 10% tariffs on goods originating from China. Importers should refer to the U.S. CBP guidance with respect to imports from China.
Both leaders have agreed to speak this week.
Note: Tariffs on imports from Canada and Mexico have been paused and will be revisited on March 4th.
A.N. Deringer, Inc. will keep a close watch on the developments and provide updates as more information becomes available.