BREAKING NEWS:
China Slams Alaska and US Seafood Industry with 25% Tariff on $1 Billion in Exports
SEAFOODNEWS.COM [SeafoodNews] by John Sackton – June 15, 2018
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 announcement was made by the Customs Tariff Commission of the State Council this afternoon.
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....
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