U.S. President Donald Trump told the media he had «a second thought» about the tariffs he had imposed on China. Later, a White House spokesman said Trump`s only regret was not imposing higher tariffs on China. Country-specific quotas (QC): For certain products, preferential market access is ensured through the creation of QC offering access at a preferential tariff rate, generally zero, for a certain quantity of imports from the United States. Access to the CSQ includes: June 15, 2018: First reduced and completed list of products. List 1 now introduces a 25% tariff on 818 reduced products (out of 1,334) and will enter into force on 6 July 2018. List 2 of 284 new products is also announced and reviewed. China and the United States said they had secured a first-phase trade deal on Friday, just before new tariffs went into effect on Sunday that impacted the mass of consumer goods, including popular electronics like smartphones and laptops. Trump says the U.S. will raise tariffs on $200 billion of Chinese goods by 10 to 25 percent starting Friday, May 10.
The tariffs would apply to products on List 3, which have been tariffed at 10% since September 24, 2018. Tariffs on List 3 were originally scheduled to reach 25% on January 1, 2019, until the U.S. and China agreed to postpone the increase until March 1, 2019 and later agree to postpone it indefinitely. Day 75: September 18, 2018 – China announces retaliation for U.S. tariffs on May 29, 2018: The U.S. reinstates customs plans after a brief ceasefire. 20. May 2018: The U.S. and China agree to freeze the trade war after China reportedly agreed to buy more U.S. goods.
In response to possible U.S. tariffs on $200 billion worth of products, announced on August 1, 2018 (List 3), China`s Ministry of Commerce is proposing a series of additional tariffs on 5,207 U.S. products (worth $60 billion), including May 313: 13, 2019 – China announces an increase in tariffs on U.S. products. with whom the Americans can request the exclusion of certain Chinese products, subject to additional tariffs, in accordance with the September 2018 list (list 3).