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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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FinanceTariffs

These Are the 128 U.S. Products China Is Enacting Tariffs On

By
Emily Price
Emily Price
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By
Emily Price
Emily Price
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April 2, 2018, 2:34 PM ET

The Chinese government fired back at the Trump administration’s tariffs on steel and aluminum on Monday by enacting its own tariffs on 128 American-made products including wine, fruit, and pork products.

The tariffs were first suggested by China two weeks ago. They were originally intended to be a negotiating tactic to pressure the United States into backing down from the trade war. When that didn’t work, it decided to launch the retaliatory tariffs instead.

The wine tariff is expected to negatively impact California’s wine region, while the tariff on pork will hit the hardest in farming areas, many of which voted for Trump, The New York Times reports.

120 products on the list will have a new 15% tariff, while 8 will have a new 25% tariff added, according to a list provided by China’s Ministry of Commerce.

The 25% tariff will apply primarily to pork products but also includes scrap aluminum.

  • Fresh or cold boned pig forelegs, hindquarters, and their meat
  • Other fresh or cold pork
  • Other frozen whole head and half pork
  • Frozen bone forelegs, pigs’ legs, and their meat
  • Other frozen pork
  • Frozen pork liver
  • Other frozen pork chops
  • Aluminum scrap

The 15% tariff applies primarily to fruit and nut products, as well as steel piping.

  • Dried coconut
  • Coconut without inner shell
  • Other coconut
  • Unhulled Brazilian nuts
  • Shelled Brazilian nuts
  • Unshelled cashews
  • Shelled cashew
  • Unshelled almonds
  • Shelled almonds
  • Hazelnuts
  • Unshelled hazelnuts
  • Unshelled walnuts
  • Walnut kernels
  • Unhealed chestnut
  • Other shelled chestnuts
  • Unhulled pistachio fruit
  • Hulled pistachi nut
  • Other unhealed macadamia nuts
  • Roasted macadamia nuts
  • Betel nut fruit
  • Pine nuts
  • Other fresh or dried nuts
  • Fresh or dried plantain
  • Other fresh or dried bananas, except for plantains
  • Fresh or dried dates
  • Fresh or dried figs
  • Fresh or dried pineapple
  • Fresh or dried avocados
  • Fresh or dried guava
  • Fresh or dried mango
  • Fresh or dried mangosteen
  • Fresh or dried orange
  • Other citrus (including mandarin and satsuma oranges)
  • Clementine orange
  • Virgin orange and similar hybrid citrus
  • Grapefruit, including pomelo
  • Lemons and limes
  • Unlisted citrus fruit
  • Fresh grapes
  • Raisins
  • Fresh watermelon
  • Fresh cantaloupe
  • Papaya
  • Fresh apples
  • Fresh pears
  • Fresh sour cherries
  • Other fresh cherries
  • Peaches, including nectarines
  • Fresh plum and promos
  • Fresh strawberries
  • Fresh raspberry, blackberry, mulberry and Logan berry
  • Fresh cranberry and cowberry
  • Kiwi
  • Fresh durian
  • Persimmon
  • Fresh lychee
  • Fresh longan
  • Rumbatan
  • Fresh sweet lychee
  • Fresh carambola
  • Fresh lotus fog
  • Fresh pitaya
  • Fruits not listed
  • Frozen strawberries
  • Frozen raspberries, blackberries, mulberries, rose hips, currant and gooseberries
  • Frozen fruits and nuts, not listed
  • Other temporarily preserved fruits and nut
  • Fried apricots
  • Mei Qiang and Li Gan
  • Dried apples
  • Dried longan and meat
  • Dried persimmons
  • Red dates
  • Dried litchi
  • Dried fruits not listed
  • Assorted nuts or dried fruits
  • Sparkling wine
  • Other fresh brewed wines packing containers of 2-liters or less brewed with alcohol
  • Wines brewed with other fresh grapes packed in 2-liter containers, but not more than 10 liters
  • Wines made from other fresh grapes packed in containers of 10 liters or more
  • Other items from grape juice wine
  • Modified Ethanol and other alcohols of any concentration
  • American ginseng
  • Other fresh ginseng
  • Unlisted ginseng
  • Stainless steel pipes used for oil or gas piping or drilling (32 sizes of those)
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