The US Office of the United States Trade Representative (USTR) released a list of about $16 billion worth of imports from China that will be subject to a 25% additional tariff. This is a response to China’s retaliatory tariffs on $60 billion worth of US goods last week.
This second set of additional tariffs under Section 301 follows the first set of tariffs on approximately $34 billion of imports from China, which came into effect on July 6.
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The list contains 279 of the original 284 tariff lines that were on a proposed list announced on June 15. Changes to the proposed list were made after USTR received written comments and testimony during a two-day public hearing last month.
Customs and Border Protection will begin to collect the additional duties on the Chinese imports by August 23.
A formal notice of the $16 billion tariff action will also be published in the Federal Register. The notice will announce a process by which interested persons may request the exclusion of particular products covered by a tariff line subject to the additional duties.
China imposed retaliatory tariffs on $60 billion worth of US goods last week. The products range from LNG to some aircraft and warned that it may impose more measures, indicating that it won’t step back in the trade war with the US. The tariffs range from 5 to 25%.
