The Office of the U.S. Trade Representative (USTR) this evening released a list of approximately $200 billion worth of Chinese imports that will be subject to additional tariffs. The additional tariffs will be effective starting 24 September 2018, and initially will be imposed at a rate of 10%. However, beginning 1 January 2019, the rate of the additional tariffs will increase to 25%.
Read the final tariff list [PDF 706 KB] that contains 5,745 full or partial lines of the original 6,031 tariff lines that were on a proposed list of Chinese imports announced in July 2018.
A formal notice of the $200 billion tariff action will be published in the Federal Register.
In March 2018, the USTR released the findings of its Section 301 investigation that found China’s acts, policies and practices related to technology transfer, intellectual property and innovation were unreasonable and discriminatory and burden or restrict U.S. commerce.
According to this evening's USTR release, after separate notice and comment proceedings, in June and August 2018, the USTR released two lists of Chinese imports, with a combined annual trade value of approximately $50 billion. In response to China's reaction, the president directed the U.S. Trade Representative to increase the level of trade covered by the additional duties in order to obtain elimination of "China’s unfair policies."
The Trump Administration will continue to encourage China to allow for fair trade with the United States.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
John L. McLoughlin
Luis (Lou) Abad
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