The Chinese government will implement duties of 5% to 10% on around $60 billion of U.S. exports in retaliation for America’s extension of its section 301 duties to cover a further $200 billion of products. The revised duties cover 56% of all American exports by tariff line (HS-6 extracted from HS-8) with electricals (85%) and electronics (75%) providing the largest group of targets. The duty rates are well below those originally flagged (the 10% rated products originally had 20% to 25% applied) but could snap-back in the new year when U.S. rates rise. The most significant products to see...