BEIJING, May 12 – As President Donald Trump prepares to travel to Beijing this week for discussions with Chinese President Xi Jinping, American officials anticipate potential agreements involving energy and agricultural trade.
Trade barriers have significantly affected commerce between the two nations.
Below are the current import fees China has placed on American products:
• Crude oil faces a 20% fee, combining China’s 10% targeted levy on American crude oil implemented in February with an additional 10% charge applied to all American imports.
• Liquefied natural gas is subject to a 25% fee, which includes a 15% charge on American LNG from February plus the 10% broad import fee.
• Propane and ethane carry an 11% total fee, incorporating China’s existing 1% import charge on these products and the 10% fee on all American goods.
• Coal faces fees ranging from 28% to 31%, depending on the coal’s volatile content. This includes China’s standard 3% to 6% import charge, a 15% retaliatory fee on American coal from February, and the 10% general import levy.
• Soybeans are charged 13% total, combining the 10% fee on all American imports with a 3% most-favored-nation rate for soybean imports.
• Beef encounters fees between 22% and 77%, including a 12% most-favored-nation rate and the 10% general American import fee. When imports surpass quota limits, an additional 55% charge applies under a system Beijing established in December to protect its domestic cattle sector.
