China imposed additional tariffs on around US$75 billion worth of US goods. The Customs Tariff Commission of the State Council said extra tariffs of either 5% or 10% are applied depending on the product imported from the United States.
The extra tariffs will be implemented in stages, some on 1 September and others 15 December 2019. From 1 September 2019, China imposed 10% additional tariffs on wood products including fuelwood, softwood chips/pellets, sawnwood, plywood, wood and bamboo tableware and kitchen utensils.
From 15 December 2019 China will levy further tariffs on logs, sawnwood, veneer, fibreboard, wooden wares, flooring, bedroom redwood furniture, bamboo and rattan furniture, plywood, particleboard, and natural cork products.
Source: Internet
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