date:Jul 26, 2018
orts from China last year were around $1.74 million. Trumps proposed tariff changes would result in a 13.7 percent rate and equal $6.43 million in annual tariff collected, if import volume remains similar. This would mean $4.7 million more added to annual import costs for this one ingredient.
For protein concentrates (HTUS 210610.XX), 2017 imports for China totaled about $39.7 million, per USTIC data. A tariff rate of 6.7 percent resulted in about $2.66 million collected in 2017; an additional