19 September 2018 US announces tariffs on $200b China-origin goods; trade pressures to continue The United States Trade Representative (USTR) on September 17, announced a third list of China-origin products which will become subject to additional 10% ad valorem punitive tariffs (calculated in addition to most-favored nation duties) beginning on September 24 (US List 3). The ad valorem duty rate for the covered products on US List 3 is scheduled to then increase to 25% on January 1, 2019. A wide range of products are impacted by the duties; however, certain consumer products and other categories of goods originally proposed to be subject to the tariffs have been fully or partially removed. Document ID: 2018-1848 |
