On Monday evening, the White House announced that it would be imposing new trade tariffs on $200bn worth of Chinese imports, as the US-China trade war heats up.<\/p>\n
Coming into effect on 24 September, the US will impose a 10% trade tariff on some Chinese goods until the end of the year, amounting to around 40% of goods China exports to the country. As of January 2019, this will increase to 25% if Beijing and Washington fail to reach a deal.<\/p>\n
In total, around 5,000 Chinese products will be affected, meaning very few goods would be spared from the heightened tariffs.<\/p>\n
Which pesticide products will be affected?<\/p>\n
The pesticide products to be affected include the following:<\/p>\n
\u25cf\tAromatic herbicides of nitrile function compounds, nesoi
\n\u25cf\tHerbicides, antisprouting products and plant growth regulators, aromatic or modified aromatic, for retail sale
\n\u25cf\tHerbicides containing any aromatic or modified aromatic herbicide, antisprouting agent or plant growth regulator, nesoi
\n\u25cf\tHerbicides, antisprouting products and plant growth regulators, nesoi, containing an inorganic substance, for retail sale
\n\u25cf\tHerbicides, antisprouting products and plant growth regulators nesoi, put up for retail sale
\n\u25cf\tInsecticides containing any aromatic or modified aromatic insecticide, nesoi
\n\u25cf\tInsecticides, nesoi, containing an inorganic substance, put up for retail sale
\n\u25cf\tInsecticides, nesoi, for retail sale or as preparations or articles
\n\u25cf\tMixtures of dinocap and application adjuvants
\n\u25cf\tFungicides containing any aromatic or modified aromatic fungicide, nesoi
\n\u25cf\tManeb; zinab; mancozeb; and metiram
\n\u25cf\tFungicides containing any fungicide which is a thioamide, thiocarbamate, dithio carbamate, thiuram or isothiocyanate, nesoi
\n\u25cf\tFungicides, nesoi, containing an inorganic substance, put up for retail sale
\n\u25cf\tFungicides nesoi, put up in forms or packing for retail sale or as preparations or articles
\n\u25cf\tRodenticides containing any aromatic or modified aromatic pesticide, nesoi
\n\u25cf\tRodenticides containing an inorganic substance
\n\u25cf\tPesticides derived from halogenated derivatives of aromatic hydrocarbons
\n\u25cf\tAromatic pesticides of esters of other inorganic acids (excluding hydrogen halides), their salts and their derivatives
\n\u25cf\tAromatic ureines and their derivatives pesticides, nesoi
\n\u25cf\tOther cyclic amides used as pesticides
\n\u25cf\tOther aromatic nitrile\u2010function pesticides
\n\u25cf\tAromatic pesticides of thiocarbamates and dithiocarbamates
\n\u25cf\tOther non\u2010aromatic thiocarbamates and dithiocarbamates
\n\u25cf\tAromatic pesticides of organo\u2010sulfur compounds, nesoi
\n\u25cf\tO,O\u2010Dimethyl\u2010S\u2010methylcarbamoylmethyl phosphorodithioate; and malathion
\n\u25cf\tOther non\u2010aromatic organo\u2010sulfur compounds used as pesticides
\n\u25cf\tAromatic pesticides of heterocyclic compounds with oxygen hetero\u2010atom(s) only, nesoi
\n\u25cf\tAromatic or modified aromatic pesticides containing an unfused pyrazole ring (whether or not hydrogenated) in the structure
\n\u25cf\tPesticides containing a benzothiazole ring\u2010system, not further fused
\n\u25cf\tPesticides containing any aromatic or modified aromatic, not exceeding 300g, specified in note 2 to chapter 38
\n\u25cf\tPesticides containing any aromatic or modified aromatic, >300g but <7.5kg, specified in note 2 to chapter 38 \n\u25cf\tPesticides, nesoi , >300g but <7.5kg, specified in note 2 to chapter 38 \n\u25cf\tPesticides containing any aromatic or modified aromatic, >7.5kg, specified in note 2 to chapter 38
\n\u25cf\tPesticides, nesoi , >7.5kg, specified in note 2 to chapter 38<\/p>\n
The full list of products hit by Trump\u2019s latest tariffs can be found here.<\/p>\n
The US has warned that a retaliation from China would result in further tariffs on $267bn worth of additional goods. However, the East Asian country has already reacted by announcing tariffs of up to 10% on $60bn of US goods. In a statement, the Chinese government says this was a \u201cforced response\u201d.<\/p>\n
This is the latest escalation in the ongoing trade war between the two countries. The US has already levied tariffs of 25% on $50bn worth of Chinese goods, which China responded with tariffs on American goods also worth $50bn.<\/p>\n
In a statement, President Donald Trump explained that the reason behind the tariffs was \u201cunfair policies\u201d on China\u2019s part:<\/p>\n
\u201cChina is engaged in numerous unfair policies and practices relating to United States technology and intellectual property \u2013 such as forcing United States companies to transfer technology to Chinese counterparts. These practices plainly constitute a grave threat to the long-term health and prosperity of the United States economy.\u201d<\/p>\n
The reasons behind Trump\u2019s aggressive trade policy is to reduce the trade deficit that currently exists between the US and China and thus boost US industry. Other countries have been affected by Trump\u2019s increasingly protectionist trade policies, after Washington announces tariffs on all imports of steel and aluminium, including metals from China, in March.<\/p>\n
The two countries have been in talks over a new trade agreement, but as of yet have failed to reach a deal.<\/p>\n
Source: Verdict<\/p>\n","protected":false},"excerpt":{"rendered":"