Decreasing due to ongoing trade tensions and additional tariffs.
Special Rates
Additional Tariff (Section 301)
25%
Applicable to specific U.S. goods under retaliatory measures due to U.S.-China trade tensions.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Imposes New Tariffs on Chinese Steel Products Including Bars and Rods
The U.S. Department of Commerce announced additional tariffs on Chinese steel products, including bars, rods, profiles, and sheets under HS Code 7228, citing unfair trade practices and dumping concerns. The tariffs aim to protect domestic manufacturers.
October 15, 2023
Impact: This is likely to reduce imports of these products from China, increase costs for U.S. buyers, and potentially shift sourcing to other countries.
China Retaliates with Tariffs on U.S. Metal Exports
In response to U.S. tariffs, China has imposed retaliatory duties on various U.S. metal exports, including specific categories of bars, rods, and sheets, escalating the trade tension between the two nations.
October 20, 2023
Impact: U.S. exporters of these products may face reduced demand in China, prompting a search for alternative markets and potentially impacting profit margins.
U.S.-China Trade Talks Address Steel and Aluminum Overcapacity
Recent bilateral trade discussions between U.S. and Chinese officials focused on addressing overcapacity in the steel sector, including products like bars, rods, and plates, with both sides exploring potential quotas or voluntary export restraints.
November 5, 2023
Impact: If successful, these talks could stabilize trade flows and reduce tariff-related disruptions for these products, though no immediate resolution has been reached.
Policy Updates
U.S. Section 301 Tariff Expansion on Chinese Metal Goods
The U.S. Trade Representative expanded Section 301 tariffs to cover additional Chinese metal products, including specific HS Code categories for bars, rods, profiles, sheets, and foil, increasing the duty rate by 25% to counter subsidized exports.
Date: October 10, 2023
China’s Updated Export Tax Rebate Policy for Steel Products
China revised its export tax rebate policy, reducing rebates for certain steel products like bars and rods to discourage overproduction and align with global trade norms, affecting export competitiveness.
