The U.S. Trade Representative is taking the necessary steps to impose tariffs on the remaining $300 billions worth of Chinese goods coming into the U.S. The USTR plans to hold a public hearing on June 17, followed by at least a week of discussions. This gives the White House a window of time leading up to the G-20 Summit, Jun 28-29 to decide.
The president said in May that he had not decided whether he would go through with the tariffs. But this is a necessary legal step before that can happen.
On May 13, The USTR unveiled a list of new items that would be subject to the potential round of tariffs. The products, published on the agency’s website, include “essentially all products not currently covered” by the previous rounds of tariffs against China. It ranges from milk and animal products to steel and aluminum. … hundreds of food items, agricultural products, articles of clothing, shoes and other consumer goods that would be subject to a 25 percent tariffs if finalized by Trump
The proposed list excludes pharmaceuticals, select medical goods, rare earth materials and critical minerals. Any products given exemptions on prior tariffs “will not be affected,” the agency said.
USTR Announcement, May 10, 2019
“Earlier today, at the direction of the President, the United States increased the level of tariffs from 10 percent to 25 percent on approximately $200 billion worth of Chinese imports. The President also ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately $300 billion.”
USTR Announcement, May 13, 2019, with List of items on “4th List” (click the link for the Notice, scroll to page 7 to see the Annex – “Proposed Product List”)
USTR’s 4 Lists of imports from China subject to increased tariffs
Read more …