Skip to main content

Expanded list of U.S. goods hit with 10% tariffs

China's official list of U.S. agricultural products subject to 10-percent additional tariffs announced March 4, 2025 is much broader than reported in yesterday's post on this blog. The list of products targeted for 15-percent tariffs is unchanged. Tariffs will go into effect March 10, 2025, according to the announcement.

The 10-percent tariff product list includes 711 tariff lines that cover most major U.S. agricultural exports to China. In addition to the soybeans, sorghum, beef, pork, and offal reported yesterday, additional 10-percent tariffs will be applied to fish and seafood (fresh, frozen, and processed products), most dairy products, vegetables, fruit, nuts, potato flour, fish oil, and processed nuts, fruits and vegetables.

The 10-percent tariff list does not include whey, alfalfa, peanuts, vegetable oils, grass seed, vegetable seeds, live plants and flowers, live animals, turkey, guinea hens, lamb, ginseng, honey, pet food, distillers grains, fish meal, or leaf tobacco. Also excluded are food ingredients, lactose and other sweeteners, confections, chocolate, coffee, tea, spices, malt extract, infant food, wine, beer, and whiskey.

Goods shipped from the place of departure before March 10, 2025, and imported between March 10, 2025 and April 12, 2025, will not be subject to the additional tariffs. 

China's General Administration of Customs also announced March 4 it is suspending imports of soybeans by 3 trading companies (CHS, Inc., Louis Dreyfuss, EGT LLC) due to detection of ergot fungus and seed coatings on soybeans imported from the United States during recent inspections. The suspension takes effect immediately.

China's Customs authority is also suspending imports of U.S. logs due to detection of forest pests such as bark beetles and longhorn beetles in logs imported from the United States.


Comments

Popular posts from this blog

Xi Jinping's Doctoral Thesis

Xi Jinping is the vice president and presumed next president of China but little is known about him. In this post the dimsums blog offers its contribution to the genre of Xi Jinping-ology by conveying Xi's decade-old views on agricultural markets. Ten years ago Xi Jinping wrote a thesis, "Tentative Study of Agricultural Marketization" (中国农村市场化研究) for a Doctor of Law degree at Tsinghua University in Beijing, a top breeding-ground for Chinese officials. The dimsums blogger has spent several hours poring over the 200-plus page tome to see what it reveals about Dr. Xi. The thesis is remarkably close to what China has been doing lately in agricultural policy, suggesting that Xi (or the person who actually wrote the thesis) has a major say in policy or is at least in agreement with what's being done. There is nothing adventurous, controversial (or insightful) in the thesis. It seems to be the work of a wonkish technocrat who is not prone to talk out of turn or wander from...

Divergence in U.S. & Chinese egg prices

High egg prices are a hot topic in the United States. China, in contrast, has a glut of eggs and depressed prices.  The March 14, 2025 USDA Agricultural Marketing Service weekly eggs market overview reported that U.S. egg prices continued declining during the second week of March as the supply situation improved. No significant highly pathogenic avian influenza (HPAI) outbreaks have occurred in March and U.S. egg demand is relatively light. The average U.S. wholesale price for Grade A large white eggs was $4.15 per dozen, down sharply from their February peak.  Until 2021, Chinese and U.S. wholesale egg prices had been roughly equal at about $1-to-$2 per dozen with no trend. U.S. prices fluctuated more than Chinese prices, so the U.S. price was sometimes higher, sometimes lower than the Chinese price after converting them to dollars per dozen.  Chinese prices converted using monthly exchange rate and assuming 0.6 kg per dozen. Sources: USDA and China Ministry of Agricult...

China's Corn & Wheat Imports Down 97% From Last Year

China's first customs data for 2025 feature a 97-percent decline in corn and wheat imports from a year earlier. Soybean imports were up slightly by volume (but down in value), and dairy, pork, poultry, and seafood imports rebounded year-on-year. Life was less sweet in China with a 93.7% decline in sugar imports, and drinking appears to be up as wine and beer imports posted gains.   China's agricultural imports for January-February 2025 were down 14.7 percent from a year earlier. The value of farm and food goods imported for the first two months of 2025 totaled $30.7 billion, down $5.26 billion from the same period in 2024. China's exports of agricultural products during January-February totaled $15.2 billion, up $393 million from a year earlier.  Data from China Customs Administration website. As usual, soybeans were the largest component of China's agricultural imports during January-February 2025 with a value of $6.3 billion. Meat imports were valued at $4.1 billion, ...