On June 15, 2018, the U.S. Trade Representative utilized Section 301(b) of the Trade Act of 1974 to introduce additional tariffs on certain products imported from China. The U.S. government issued a list of goods subjects to tariffs which will impose a tariff of 25% on approximately $50 billion of goods imported from China for lists 1 and 2.
On September 17, 2018, United States Trade Representative (USTR) finalized list 3 which will impose a tariff of 10% on approximately $200 billion of goods imported from China.
The U.S. government has now issued three lists of goods which will impose a tariff 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 the additional duties on July 6, 2018.
- The second list includes 279 tariff lines. These lines cover approximately $16 billion worth of imports from China. 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 from China. Customs and Border Protection began collecting the additional duties on September 24, 2018.
How can SiliconExpert help you navigate the changes.
- 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.
See a sample of the Tariff Impact reports that SiliconExpert generates: