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China just slammed massive tariffs on $34 billion worth of US goods — here's what will get hit

Business Insider Australia logo Business Insider Australia 11/07/2018 Bob Bryan
a close up of Xi Jinping: China's President Xi Jinping and US President Donald Trump. © Provided by Getty China's President Xi Jinping and US President Donald Trump.

    After months of threats and negotiations, the trade war between the US and China officially launched on Friday with both countries imposing tit-for-tat tariffs.

    Soon after US President Donald Trump's imposed a 25% tariff on $US34 billion worth of Chinese goods, China's Ministry of Commerce struck back with tariffs of equal size on some US exports to China.

    It said the first $US34 billion would be followed up by another $US16 billion once the US's second wave of tariffs goes into effect in a few weeks.

    While Trump's tariffs mostly target industrial and tech goods, China is focusing heavily on agricultural products from the US — a move that is likely to not only cause pain to Trump's political supporters, but leave US farmers with fewer options to divert their crops.

    For instance, a US cherry producer told The Washington Post last week that a shipment to China was diverted for further inspection and went bad, resulting in a loss for the US firm. While it's unclear whether the delay was due to the trade fight, it highlights the danger for farmers caused by increased protectionism.

    In response to China's retaliation, Trump on Tuesday released a list of another $US200 billion worth of Chinese goods that could get hit with an additional 10% tariff. China's commerce ministry promised a response should Trump move forward with the additional measures.

    Using the international Harmonized System codes on China's list of products affected by its tariffs, we picked out the major US products that will be affected. Check out the list below:

    Meat

    Pork, beef, chicken, duck, and various smoked meats.

    Fish

    Various types of salmon, trout, catfish, carp, tilapia, halibut, plaice, sole, albacore, tuna, herring, cod, haddock, hake, pollock, dogfish, rays, skates, sea bass, fish roe. Also includes frozen fillets of those fish.

    Other seafood

    Lobster, rock lobster, crab, shrimp, prawns, oysters, scallops, mussels, squid, cuttlefish, octopus, snails, clams, abalone, conchs, sea cucumbers, sea urchins, jellyfish, and various aquatic invertebrates. Also includes prepared or preserved preparations.

    Dairy

    Milk and cream of various fat contents, sweetened milk and cream, yogurt, buttermilk, whey, butter, dairy spreads, and various types of cheese.

    Vegetables and other produce

    Potatoes, tomatoes, onions, shallots, garlic, peas, celery, pumpkins, mushrooms, truffles, chickpeas, various types of beans, lentils.

    Nuts

    Coconuts, cashews, almonds, hazelnuts, walnuts, pistachios, and macadamia nuts.

    Fruits

    Figs, oranges, mandarins (including tangerines), grapefruit, lemons, limes, grapes, apples, pears, quinces, apricots, cherries, peaches, plums, cranberries, blueberries, various other types of berries. Also includes dried varieties of apricots, prunes, apples, and others, as well as fresh and frozen orange juice.

    Grains and grain derivatives

    Wheat, corn, rice, sorghum, corn flour, cereal flour, soybeans, and cotton linters.

    Alcohol

    Ethyl-alcohol spirits, whiskeys, and brewing/distilling dregs.

    Dog and cat food

    Tobacco products

    Raw tobacco, cigars, cigarettes, and waterpipe tobacco.

    Cotton

    Vehicles

    Certain types of electric cars, hybrid cars, small-engine vehicles, and gearboxes for motor vehicles.

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