Why this is important to Wisconsin businesses: The tariffs are scheduled to take effect June 1.
China announced that it will raise the rate of additional tariffs imposed on some imported U.S. products starting June 1. China had already imposed additional tariffs on $60 billion worth of U.S. imports, and the rates of additional tariffs on some of the products will now be increased to 25%, 20% and 10%, respectively, according to a statement by the Customs Tariff Commission of the State Council.
To be eligible for exclusion from the additional tariffs, U.S. exporters must be able to document difficulties in seeking substitute products; severe economic damages suffered by the applicants; major negative structural impact on relevant industries, including industrial development, technical advancement, employment and environmental protection; or serious social consequences.