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Home » News » Marketing News » U.S. adjusts tariff list for Chinse $300 billion product

U.S. adjusts tariff list for Chinse $300 billion product

Views:35     Author:Site Editor     Publish Time: 2019-08-26      Origin:Site

Since 2018, the United States has imposed a 25% tariff on China's product total value of US$250 billion. In the early morning of August 2, 2019, US President Trump announced on his Twitter that he would impose a 10% tariff on China's remaining $300 billion in products exported to the United States from September 1.


This round of $300 billion proposed tax collection includes more than 3,800 HS codes, covering almost all of China's exports to the United States, which have previously been subject to tariffs totaling $250 billion. At this point, it also covers all Chinese lighting products exported to the United States. According to the author's statistics, the lighting products included in this round of tariff collections in the 2018 export to the United States exceeded US$2 billion, accounting for 18.2% of China's total exports of lighting products to the United States in 2018 (2018 China's total lighting products to the United States) The export value is about 11 billion US dollars, up 14% year-on-year, accounting for about 1/4 of the total export value of lighting products; the largest amount is the LED replacement light source with HS code of 85395000, and the total exports to the US in 2018 reached 1.768 billion. Dollar.


On August 13, the Office of the US Trade Representative (USTR) issued an announcement to adjust the list of products originally planned to be imported from China by US$300 billion, some of which were postponed until December 15, 2019, and based on Considering national health, national security and other factors, some products were removed from the list of $300 billion plus 10% tariffs. The US move also means indirectly acknowledging that the addition of tariffs will cause harm to American consumers.


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