U.S. Proposes Imposing New Tariffs on ChinaWednesday, July 18, 2018
(North American Meat Institute)
The Office of the U.S. Trade Representative (USTR) last week released a list of $200 billion worth of Chinese imports to the U.S. that could face 10 percent tariffs. The announcement comes days after China said it would impose 25 percent tariffs on U.S. imports to the country worth $34 billion in retaliation for U.S. tariffs imposed earlier this month. The Trump administration on July 6 levied 25 percent tariffs on $34 billion worth of Chinese imports to the U.S. citing concerns about China’s intellectual property and industrial policies under Section 301 of the Trade Act of 1974.
USTR’s most recent proposed list includes Chinese electronics, textiles, fish, produce, metal products and auto parts. China’s government vowed to retaliate with additional tariffs on the same amount of U.S. imports to the country. USTR will accept public comments on the latest round of tariffs and hold hearings August 20-23 in Washington, DC before publishing a final tariff list soon after August 31.share on facebook share on twitter