jul 6, 2018 - (17) US & China impose $34 billion tariffs on one another
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July 6, 2018: Office of the U.S. Trade Representative (USTR) released the product exclusion process for Chinese products subject to Section 301 tariffs. USTR says that upon request, the exclusion may include a particular product within a subheading, but not the tariff subheading as a whole. When reviewing the request, USTR may consider “USTR may consider whether a product is available from a source outside of China, whether the additional duties would cause severe economic harm to the requestor or other U.S. interests, and whether the particular product is strategically important or related to Chinese industrial programs including ‘Made in China 2025’.” The public will have 90 days to file a request for a product exclusion; the request period will end on October 9, 2018.Exclusions will be effective for one year upon the publication of the exclusion determination in the Federal Register, and will apply retroactively to July 6, 2018.
According to the U.S. Customs and Border Protection (CBP), the additional import duties for Chinese goods covered by the Section 301 action officially take into effect after 12:01am. The new duties will affect 818 lines of products, which cover approximately $34 billion worth of imports from China. On the same day, China said it immediately put its own similarly sized tariffs on an unspecified clutch of American goods. Previously, the Chinese government had said it would tax pork, soybeans and automobiles, among other goods. China’s Ministry of Commerce (MOFCOM) also said it filed a new WTO complaint over the United States’ Section 301 tariff measures on Chinese goods on July 6, 2018.
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