More China Tariff Hearings Convene This Week; Additional Tariffs Take EffectTuesday, August 21, 2018
(North American Meat Institute)
The Office of the U.S. Trade Representative (USTR) is holding hearings this week regarding a proposed list of $200 billion in Chinese imports that could face tariffs as high as 25 percent. The proposed tariffs, if levied, would cover a host of Chinese electronics, textiles, fish, produce, metal products and auto parts. China, in turn, announced it would retaliate with tariffs ranging from five to 25 percent on $60 billion of U.S. imports to the country should the U.S. move ahead with levying tariffs on $200 billion worth of Chinese imports. U.S. hides, skins and leather products, which have thus far not been targeted for tariff retaliation by China or any other trading partner, were included in China’s proposed retaliation lists.
Starting August 23, the U.S. will impose additional 25 percent tariffs on approximately $16 billion worth of Chinese imports containing industrially-significant technologies, including those related to the country’s “Made in China 2025” industrial policy. USTR amended the list , which now contains 279 of the originally proposed 284 tariff lines, following a comment period and two-day public hearing in July. The tariffs are in response to findings from an investigation into China’s industrial and intellectual property policies under Section 301 of the Trade Act of 1974. The U.S. on July 6 levied additional 25 percent tariffs on 818 Chinese imports worth about $34 billion in response to the same investigation.share on facebook share on twitter