Section 301 Tariffs Going into Effect FridaySection 301 Tariffs Going into Effect Friday
- July 5, 2018
Trump officially announced last month that the United States is moving forward with imposing tariffs of $50 billion on Chinese products that contain “industrially significant technologies.”
As the trade war between the US and China looms, the United States will begin to enforce a 25% percent tariff on 818 Chinese products, valuing $34 billion worth of Chinese goods, on Friday, July 6th. A complete list of the 818 products subjected to tariffs can be found on the U.S. Trade Representative’s (USTR) website using this link here.
The additional 284 Chinese products taxed, worth $16 billion, is expected to be enforced shortly after, but no official date has been set. The U.S. Trade Representative has released a complete list of these products here.
China has warned the White House that they will retaliate if the tariffs go into effect, equaling the same amount as US exports. The 545 U.S. products are valued at $34 billion and are expected to be heavy on the U.S. agriculture, including soybeans and lobsters to sport-utility vehicles and whiskey.
The timeline below outlined on the Federal Register Notice (FRN) highlights when you can request hearings and send comments related to the tariff changes:
- Request to appear at hearing: June 29, 2018
- Written comments due: July 20, 2018
- Hearing: July 24, 2018
- Rebuttal comments due: July 31st, 2018
The Federal Register Notice indicates that the USTR will establish a process by which U.S. stakeholders may request that particular products classified within an HTSUS subheading listed in Annex A be excluded from the additional Section 301 duties. USTR will publish a separate notice concerning the product exclusion process, and CBP will provide additional guidance on the matter as it becomes available.