Raising the Tariffs on Imported China Goods
25% to 30% Tariff Increase Coming October 15
Just announced, the United States will begin the process of raising the tariffs represented on List 1, 2 and list 3 approximately from 25% to 30%. These three lists of goods will impose a tariff of approximately $250 billion of goods imported from China. These lists were compiled based on extensive interagency analysis and a thorough examination of comments and testimony from interested parties. The tariffs impact products in industries such as automobiles, aerospace, new materials, robotics, industrial machinery, information, and communications technology. The products are divided into three lists:
The first list includes 818 tariff lines. These lines cover approximately $34 billion worth of imports from China. Customs and Border Protection began collecting additional duties on July 6, 2018.The second list includes 279 tariff lines. These lines cover approximately $16 billion worth of imports from Customs and Border Protection began collecting the additional duties on August 23, 2018.The third list includes 5,745 tariff lines. These lines cover approximately $200 billion worth of imports. Customs and Border Protection began collecting the additional duties on September 24, 2018.The fourth list includes 3684 tariff lines. These lines cover approximately $267 billion worth of imports. Customs and Border Protection began collecting the additional duties on August 20, 2019.
How will this impact your supply chain? SiliconExpert has the data and expertise to help you identify:
The affected products of this new tariff.The Harmonized Tariff Schedule of the United States (HTSUS) of the affected products.The Tariff Impact status (Impacted/Possibly Impacted/Not Impacted) depending on flags of China country of origin and HTSUS.The cross-reference of the affected products to find the replacement of these products from another country of origin.
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Sample SiliconExpert Tariff Impact Report:
For additional details or history of China Tariffs please visit the article: https://www.siliconexpert.com/blog/tariffs-on-imported-china-goods-to-the-usa/