Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives
You are here: Home >news >Customs tariffs for some US fruits exported to China increased by 400%

Customs tariffs for some US fruits exported to China increased by 400%

2018-07-12 foodmate

Tag: Agricultural products tariffs

Share       

After several months of back-and-forth between the Chinese and US governments, the Sino-US trade war officially began on July 6th, 2018. The cost price of several US agricultural products sharply increased when the new customs tariffs were implemented. Customs tariffs on US apple export to China increased from 10% to 50%, cherries from 10% to 50%, oranges from 11% to 51%, and plums from 10% to 50%, which is an overall fourfold increase of customs tariffs.

One Chinese fruit importer stated that the new customs tariffs will greatly reduce the volume of US agricultural product export to China, in particular the seasonal US export cherries. The increased customs tariff is not the only problem. Stricter customs policies also delay import procedures, which is unfavorable for cherries which benefit from short supply chains. Chinese importers are likely to shift their attention to other cherry producing countries, such as Turkey and Canada.

Looking at the global export market, the official start of the Sino-US trade war will certainly have an impact on global trade structures. If US agricultural products are unable to find large-scale markets in China, then they may end up in other markets for lower prices. This in turn may provide excellent business opportunities for importers of agricultural products in European countries.

--------------------------------------------------------------------------------------------------------------------------------------------

Editors Note:

To apply for becoming a contributor of en-Sjgle.com,

welcome to send your CV and sample works to us,

Email: Julia.Zhang@ubmsinoexpo.com.

 

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121  沪公网安备31010402001403号

Inquiry Basket

Inquiry Basket

Buyer service

Buyer service

Supplier service

Supplier service

Top

Top