Ten Percent Tariff Proposed on $200 Billion Worth of Imports from China

  • Ten Percent Tariff Proposed on $200 Billion Worth of Imports from China

    Ten Percent Tariff Proposed on $200 Billion Worth of Imports from China

    The Trump administration is proposing to further escalate its efforts to address concerns with China’s policies on intellectual property protection by imposing an additional ten percent duty on 6,031 tariff lines from China with an import value of approximately $200 billion. This action would be in addition to the 25 percent tariff imposed on $34 billion worth of Chinese goods effective July 6 and a proposal to extend that tariff to an additional $16 billion worth of imports from China at some yet-to-be-determined date.

    These actions follow a Section 301 investigation determined that China’s acts, policies, and practices related to technology transfer, intellectual property, and innovation are unreasonable and discriminatory.

    USTR will hold a public hearing Aug. 20-23 in Washington, D.C., to receive input on the proposed ten percent tariff. Requests to appear at the hearing, summaries of expected testimony, and pre-hearing submissions are due by July 27 and post-hearing rebuttal comments are due by Aug. 30. USTR is also accepting written comments through Aug. 17.

    With such a large volume and value of imports from China subject to the proposed tariff, companies importing from China should act now to assess how it may impact their supply chains.

    The full list of products that could be subject to the additional 10 percent tariff is here.

    Should you need more information about all above please do not hesitate to contact our office at info@pngworldwide.com

     

     

    
                
            

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