THIRD ROUND OF CHINA TARIFFS

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THIRD ROUND OF CHINA TARIFFS

Category:Education

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.
Feel free to download the lists from the three links above and contact Source International for more information.
AmChamChina has set up a US-China Trade Dispute Portal, which will be updated regularly and serve as a central source for all the China tariff resources, documentation, and analysis related to US-China trade relations.  https://www.amchamchina.org/news/trade-dispute-portal

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Source International has operational offices in Louisville, Kentucky & Xiamen, China. Our passion is to partner with companies in supply management from Asia. We have a 25 year on-the-ground track record, a rigorous operating procedure, and a very well trained local staff. We welcome the opportunity to show you how we can add value to your supply chain in Asia and invite you to visit our offices to understand better our procedures & the scale of our operations.

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