From Lipstick to Lizards, China Hits a Wide Range of U.S. Goods
(Bloomberg) — China’s latest retaliatory measure to raise tariffs on around $60 billion of U.S. goods may be about to push up prices for fans of American periodicals, lovers of a vodka-based cocktails, and anyone who wears makeup.
Importers of U.S. seawater and reptiles are also in line for higher prices.
Tariffs will go up to 25% on around $900 million worth of beauty and skincare products, including perfume, eye and lip make-up, nail polish and pressed powder. After-shave, shampoo, hair gel, tooth paste, dental floss, and mouthwash are also subject to higher duties.
In fact, beauty products were the second biggest category behind liquefied natural gas in terms of value traded in 2018, among those subject to the tariff hike from 10% to 25%.
These are just some of the 4,545 U.S. goods that will see raised import taxes from June 1.
Juice made from oranges, grapefruits, pineapples or coconuts are also on the list, as are vodka, gin, rum and tequila. And tomato lovers may be hit as $4 million worth of preserved tomatoes, ketchup, tubs of tomato paste, and juice are also subject to the hike.
The lists also include $203 million of “newspapers, journals and periodicals appearing less than four times a week,” printed books, dictionaries and encyclopedias. Musical instruments like pianos, electric keyboards, harmonicas, percussion and brass-wind instruments, along with manuscript and printed music also face higher import taxes.
Contact editor Yang Ge (firstname.lastname@example.org)
Aug 19 19:23
Aug 19 17:59
Aug 19 16:18
Aug 19 16:20
Aug 19 13:02
Aug 19 10:27
Aug 19 09:53
- 1Praise for JD and Huya, Less Excitement for Tencent Music and DouYu as ‘Team Tencent’ Reports
- 2Casino Giant Galaxy Entertainment’s H1 Profit Drops 7% as High-Rollers Stay Away
- 3TCL to Unveil Own Smart Screen This Week, Sources Say
- 4CX Daily: Hong Kong Cuts GDP Growth Forecast, Announces Stimulus Amid Unrest
- 5Does China Care About Climate Change?
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas