AHEC Trade Alert: China Announces New Tariffs

Earlier today the Chinese government announced a new round of tariffs on U.S. exports in retaliation for the Trump administration’s latest round of tariffs on Chinese goods (“List 4” Tariffs).  It appears that hardwood lumber, logs and veneer will be impacted by the new tariffs.   
 
As usual, the Chinese government made the announcement late in the day on Friday in order to maximize confusion, and at this point we only have Chinese versions of the announcement itself as well as the list of impacted products by HS tariff code. The tariffs will be implemented in two phases, beginning September 1st and December 15th
 
Annex 1: Going into effect on September 1st. 10% on products in Group 1 and Group 2 (which includes “other temperate lumber” HS code 44079980).
  
Annex 2: Going into effect on December 15th. 10% on Group 1 and 2, 5% on Group 3 and 4. There are a LOT of hardwood logs, lumber, and veneer that are included here at the 10% level.  Most US hardwood lumber, logs and veneer species are included in this list.

A copy of the official announcement  (in Chinese) is available here: http://gss.mof.gov.cn/zhengwuxinxi/zhengcejiedu/201908/t20190815_3364972.html
 
We apologize that the detailed information is available only in Chinese at this time, but wanted to get it to you as quickly as possible so that you can share it with your Chinese staff, agents and customers as needed.  The U.S. Embassy in Beijing is working on an official translation of the announcement and list of products and we will, of course, pass on any additional information as soon as we receive it. – Michael Snow, executive director of American Hardwood Export Council.
 


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