SECTION 301 & 232 TARIFFS UPDATE
March 8, 2018 – Presidential Proclamations 9704 and 9705 on Adjusting Imports of Steel and Aluminum into the United States providing for additional 25% and 10% duties for steel mill and aluminum articles, effective March 23, 2018.
June 15, 2018 – Office of the United States Trade Representative (USTR) issued press release announcing its intent to impose additional tariffs on products imported from China. The additional tariffs are part of the U.S. response to China’s unfair trade practices related to “the forced transfer of American technology and intellectual property”.
•List 1 – Includes 818 tariff lines and is Valued at $34 billion worth of imports from China. Products falling under these tariff lines incur an additional duty of 25% beginning July 6.
•List 2 – Consists of 284 new tariff lines identified by the interagency Section 301 Committee as “benefiting from Chinese industrial policies, including the “Made in China 2025″ industrial policy”. These 284 lines cover approximately $16 billion worth of imports from China. This list will undergo further review in a public notice and comment process, including a public hearing. After completion of this process, USTR will issue a final determination on the products from this list that would be subject to the additional duties of 25%.
Feel free to download the lists from the two links above and contact Source International for more information.
And read more about the tariffs and their impacts on US businesses in this recent Industry Week article.
AmChamChina has set up a US-China Trade Dispute Portal, which will be updated regularly and serve as a central source for all the resources, documentation, and analysis related to US-China trade relations. https://www.amchamchina.org/news/trade-dispute-portal
