The Office of the U.S. Trade Representative (USTR) announced on Tuesday, August 13th, the next steps in the process of imposing the fourth tranche of additional 10 percent tariffs on $300 billion worth of imports from China.
Since trade negotiations collapsed over three months ago, China and the U.S. have made several attempts to salvage their economic relations, but a lack of progress has left the international trade community watching further escalation.
Announced in the beginning of August, U.S. President Donald Trump made the decision to proceed with implementing a fourth list of Section 301 tariffs to go into effect September 1, 2019.
However, after considering hearing feedback and public comments, the USTR has decided to split the list, removing products based on health, safety, national security and delaying the tariff on specific goods until December 15, 2019.
Products in the delayed group include (for example):
- cell phones,
- laptop computers,
- video game consoles,
- certain toys,
- computer monitors, and
- certain items of footwear & clothing.
SECTION 301 CHINA TARIFF LISTS
The USTR intends to conduct an exclusion process for products subject to the additional tariff and will publish in the Federal Register supplemental details and lists of tariff lines affected by this announcement.
As Green continues to monitor the situation, stay up-to-date on freight news by following us on Facebook, Twitter, and LinkedIn. For continuous updates, make sure to check out our website at greenworldwide.com.