Evonik, Dow in a Bind as China Retaliates With Higher Tariff Rates — Panjiva
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Evonik, Dow in a Bind as China Retaliates With Higher Tariff Rates

China 2971 Energy - Conventional 447 Energy - Natural Gas 153 Info Tech - Comms Equip 224 Info Tech - Tech Hardware 796 Materials - Chemicals 236 Materials - Construction 113 Tariffs 1794 U.S. 5317

The Chinese government has retaliated against higher U.S. tariffs by raising its own duties on around $60 billion of U.S. exports. That’s included $21.6 billion of products imported in the 12 months to Mar. 31 where duties will be increased to 25% from 10%. Imports of those products already fell 18.8% year over year in 1Q 2019, compared to 38.5% for products where 25% duties were applied in July and August. Not all products have seen a decline yet, with U.S. exports of PC components having increased by 15.6% and laptop computers having surged 56.2% higher. Yet, it is commodity exporters ...

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