BREAKING NEWS: China Slams Alaska and U.S. Seafood Industry with 25% Tariff on $1 Billion in Exports
China wasted no time retaliating against President Trump’s trade war. The US seafood industry has been hit hard.
China will impose 25% punitive tariffs on a range of US seafood exports worth nearly $1 billion in 2017.
The tariffs will go into effect on July 6th. They are calculated as 25% additional tax on the imported cost of the product, including any previous tariffs.
So if a dungeness crab product was taxed at 12%, the 25% will be on the total cost, ie import cost plus previous tariff.
Virtually no important US seafood product was left off the list ...
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