CHINA PLANS TARIFFS ON $60bn OF US GOODS,INCLUDING FASTENERS

- Aug 15, 2018-

China is ready to levy differentiated additional tariffs on about $60 billion of imports from the United States, if the latter further escalates trade frictions, the Customs Tariff Commission of the State Council announced late on August 3.

China plans to slap additional tariffs on 5,207 categories of US products with four levels of tariff rates, namely 25%, 20%, 10% and 5%.

These tariffs will become effective if the US further hinders the bilateral trade by renewing tariffs on more Chinese products, the commission said in a statement.

The commission stressed that China will adopt the above countermeasures to defend its lawful rights and interests, and curb the escalation of trade friction, as well as minimize the impact on its domestic production and people's living.

The announcement came after the Office of US Trade Representative announced on August 2 to consider increasing the proposed additional duty on $200 billion of Chinese products from 10 percent to 25 percent.

Fasteners are on the list, including:
 

HS codes and products


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