CHINA TARIFFS UPDATE
July 10, 2018 -Trade Representative Robert Lighthizer has released a third list of thousands of additional goods that could face 10% china tariffs after a public comment period. It includes fruit and vegetables, handbags, refrigerators, rain jackets and baseball gloves. The move comes after the United States imposed the first round of 25% China tariffs worth $34 billion which kicked in July 6th. Beijing immediately responded with its own tariffs on US goods worth $34 billion. President Donald Trump in May directed Lighthizer to identify $200 billion in China product tariffs if China retaliated against US penalties that are meant to punish the country for intellectual property theft. The United States is already working on a second wave of China tariffs worth $16 billion. The third round of tariffs would go into effect sometime after August 30.
- 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 – Includes 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%.
- List 3 – Includes 195 pages and thousands of lines amounting to approximately $200 billion in imports from China and covers some consumer products which had yet to be hit.