Recent U.S. Trade Actions
On September 24, 2018, additional tariffs on roughly $200 billion in Chinese imports went into effect. Chinese reciprocal tariffs on $60 billion in U.S. exports to China also kicked in.
In total, in 2018, the United States has increased the tariff rate on almost half of China’s exports to the United States.
With the $60 billion in reciprocal tariffs imposed by China, the anticipated next move by the Trump Administration will be to move ahead with an additional $267 billion in tariffs on, essentially, the remainder of China’s exports to the United States.
The recently added 10% tariff rate was imposed on $200 Billion worth of Chinese products. The additional 10% tariff rate is set to increase to 25% by January 1, 2019.
Originally aimed at 6,031 Harmonized Tariff Schedule (HTS) codes, after a public comment period, the U.S. Trade Representative removed 297 HTS codes from the original list and imposed the additional tariff on 5,745 full or partial HTS lines.
The U.S. Trade Representative is accepting product exclusion requests until October 9, 2018 (via the www.regulations.gov portal), for products impacted by an earlier round of tariffs on Chinese imports.
The product exclusion process can be found, in detail, here.