China tariffs

Beijing levies tariffs on certain foreign goods when they are imported into China. These duties are essentially a tax on the imports, either in retaliation for other countries imposing tariffs on Chinese imports or to protect domestic industries. While all countries and some territories have their own tariff regimes, some are more cumbersome than others. Particular attention has been paid to China’s tariffs since the beginning of the US-China trade war in July 2018. In retaliation for tariffs placed on Chinese goods imported into the United States, China placed tariffs on a range of American goods. At the peak of the trade war, China had levied tariffs on US$185 billion worth of US goods, while the US had placed tariffs on US$550 billion worth of Chinese products.