The Office of the U.S. Trade Representative (USTR) released a proposed list of products imported from China that could be subject to additional tariffs. This list was produced as part of the U.S. response to China’s trade practices related to transfers of U.S. technology and intellectual property.
Read the list of products and increased tariff rate proposals [PDF 301 KB]
There are reports today that China is moving to respond to the U.S. proposed tariffs. Chinese authorities announced new tariffs of 25% on U.S. exports including airplanes, automobiles, and soybeans. The Chinese tariffs are expected to apply to just over 100 categories of products and will affect $50 billion of U.S. exports to China.
Following the USTR’s section 301 investigation, President Trump announced in March 2018 that the United States will impose tariffs on approximately $50 billion worth of Chinese imports and take other actions in response to China’s policies that require U.S. companies to transfer their technology and intellectual property to domestic Chinese enterprises.
According to a USTR release, the proposed list of products and sectors subject to the proposed tariffs concerns industries such as aerospace, information and communication technology, robotics, and machinery.
The proposed list covers approximately 1,300 separate tariff lines. The total value of imports subject to the tariff increase is reported to be commensurate with an economic analysis of the harm caused by China’s "unreasonable technology transfer policies" to the U.S. economy.
In the United States, the proposed list of products will be subject to a public notice and comment process including a hearing. After completion of this process, the USTR will issue a final determination on the products subject to the additional duties.
For more information, contact a professional with KPMG’s Trade & Customs practice:
Douglas Zuvich | +1 (312) 665-1022 | firstname.lastname@example.org
Andrew Siciliano | +1 (631) 425-6057 | email@example.com
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