U.S. Trade Rep Finalizes Tariffs on Chinese Imports
Washington, D.C. -- The Office of the United States Trade Representative (USTR) released a list of approximately $200 billion worth of Chinese imports that will be subject to additional tariffs, including flooring products such as vinyl, bamboo, cork, carpet, and ceramic tile. In accordance with the direction of President Trump, the additional tariffs will be effective starting September 24, 2018, and initially will be in the amount of 10%. Starting January 1, 2019, the level of the additional tariffs will increase to 25%.
The list contains 5,745 full or partial lines of the original 6,031 tariff lines that were on a proposed list of Chinese imports announced in July. Changes to the proposed list were made after USTR and the interagency Section 301 Committee sought and received comments over a six-week period and testimony during a six-day public hearing in August. USTR engaged in a thorough process to examine the comments and testimony and, as a result, determined to fully or partially remove 297 tariff lines from the original proposed list.
A formal notice of the $200 billion tariff action will be published shortly in the Federal Register. The full list of final tariffs can be found here.
For more information, visit ustr.gov.