The Customs Tariff Commission of the State Council of China stated on Monday (September 14) that the exemption of the additional 25% tariff will be extended to the expiration of the exemption period on September 16.
The statement was made after the United States decided to extend the exemption from import tariffs on certain Chinese seafood.
In total, China has excluded 16 American imports from its tariff list. The statement said that tariffs on other products (such as US aircraft and soybeans) will continue to “retaliate against US tariffs imposed under its 301 policy.”
American shrimp broodstock and fishmeal are regarded as important inputs for China’s domestic aquaculture industry. According to a recent report by Shrimp Insights, China is the world’s largest importer of shrimp broodstock, and its main suppliers are located in Florida and Texas.
China extends tariff reductions on imported U.S. shrimp broodstock and fishmeal by one year.
Post time: Sep-17-2020