Huawei and LNG “Winners” From Duty Cuts in Xi’s Trump Tariff Reaction

Ags - Forestry 114 China 2527 Energy - Conventional 373 Energy - Natural Gas 122 Industrials - Capital Goods 439 Info Tech - Comms Equip 163 Info Tech - Tech Hardware 589 Tariffs 1613 U.S. 4472

The Chinese government will implement duties of 5% to 10% on around $60 billion of U.S. exports in retaliation for America’s extension of its section 301 duties to cover a further $200 billion of products. The revised duties cover 56% of all American exports by tariff line (HS-6 extracted from HS-8) with electricals (85%) and electronics (75%) providing the largest group of targets. The duty rates are well below those originally flagged (the 10% rated products originally had 20% to 25% applied) but could snap-back in the new year when U.S. rates rise. The most significant products to see...

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