July 11, 2018 — The administration of U.S. President Donald Trump announced tariffs on USD 200 billion (EUR 170 billion) of Chinese goods on Wednesday, 11 July – the latest escalation in the ongoing trade war between the two countries.
The move will add 10 percent tariffs to a wide assortment of Chinese goods, with seafood featuring prominently. The 6,031 items included in the list published by U.S. Trade Representative Robert Lighthizer include a litany of seafood items, including many categories of shrimp, tilapia, salmon, pollock, tuna, flatfish, crab, scallops, squid, and fishmeal.
“As a result of China’s retaliation and failure to change its practices, the President has ordered USTR to begin the process of imposing tariffs of 10 percent on an additional USD 200 billion of Chinese imports. This is an appropriate response under the authority of Section 301 to obtain the elimination of China’s harmful industrial policies,” Lighthizer said in a press release. “USTR will proceed with a transparent and comprehensive public notice and comment process prior to the imposition of final tariffs, as we have for previous tariffs.”
If and when they are imposed – scheduled for 60 days from their announcement – the new tariffs will cover almost 40 percent of the USD 505 billion (EUR 430 billion) worth of products China shipped to the United States in 2017. Retaliatory tariffs recently put in place by China on USD 50 billion (EUR 42.6 billion) worth of U.S. goods equate to about 38 percent of the USD 130 billion (EUR 111 billion) worth of goods the U.S. sent to China in 2017.
According to data from the National Oceanic and Atmospheric Administration, the U.S. imported USD 2.7 billion (EUR 2.3 billion) of Chinese seafood in 2017, while sending USD 1.3 billion (EUR 1.1 billion) worth of seafood to China.