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U.S. adds 10% tariff on $300 billion of Chinese imports (effective September 1, 2019)
U.S. adds 10% tariff on $300 billion of Chinese imports
The Office of the U.S. Trade Representative (USTR) today announced the next steps in the process of imposing an additional tariff of 10% on approximately $300 billion of Chinese imports.
The USTR in May 2019 announced imports from China that would be potentially subject to an additional 10% tariff. Today’s USTR release states that this new 10% tariff will go into effect on September 1, 2019.
There are exceptions for certain products that are being removed from the additional 10% tariff based on health, safety, national security, and other factors (in other words, these products will not face additional tariffs of 10%). Imposition of the additional 10% tariff is being delayed for other imports, until December 15, 2019.
Accordingly, the USTR release includes two lists of products:
- A list of products [PDF 486 KB] for which the 10% tariff will be imposed as of September 1, 2019.
- A list of certain products [PDF 165 KB] for which the additional 10% tariff is being delayed to December 15, 2019 (for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing)
Today’s USTR release indicates that there will be an exclusion process for products subject to the additional tariff, and that the USTR will publish in the Federal Register additional details and lists of the tariff lines affected by this announcement.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Robert Waldrop |
Gisele Belotto |
Christopher Young |
Andy Doornaert |
George Zaharatos |
Jessica Libby |
|
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