The Recycler
  • Katun web banner December 2022 NEW
  • Biuromax Masthead web banner March 2024
  • G&G Web banner May 2024

USTR imposes tariffs on Chinese products

April 6, 2018

Following an executive memorandum to the USTR last month, the Trade Representative has released a sizeable list of Chinese-origin products which will incur 25 percent ad valorem duty.

As Lexology reports, on 3 April, the USTR released a notice in which it proposes to implement the additional duty on a long list of Chinese products, in a move decided to “eliminate several of China’s policies and practices” which have been deemed to be “unreasonable or discriminatory and burden or restrict US commerce”.

These policies and practices include “forced technology transfers, investment in and acquisition of assets to obtain US intellectual property and technology, and theft of US intellectual property.”

Analysts working in a range of US government agencies “identified products that benefit from Chinese industrial policies, including Made in China 2025.”

The list of products to be affected is “extensive”; the products featured on it “are identified by eight-digit tariff items”. They include iron, steel and aluminium, printing machinery, computer-related equipment and accessories, and electrical equipment such as transformers.

It has been estimated by the USTR that the “2018 trade value” of the items featured on the list is roughly $50 billion (€40.7 billion), “which it believes is an appropriate level given the harm to the US economy”.

China has reacted to the release of the list by announcing that it will impose “an additional 25 percent duty on 106 US products”, among them automobiles, soybeans and whiskey. This is in addition to the “recently implemented retaliatory tariffs on over $600 million (€488.8 million)” on other US products such as pork and ethanol, which were implemented following “the section 232 tariffs on imports of steel and aluminium” levied by the US.

It is currently unclear to what extent these new tariffs will affect the remanufacturing industry.

Categories : Around the Industry

Tags : China Duty Exports Imports Tariffs Trade USA

  • Static Control June 2022 Big & Bold Ad
  • GM Technology Web Ad March 2024
  • G&G Big & Bold Web banner January 2024
  • Ink Tank Web ad May 2024
  • Cartridge Web Banner May 2024
  • TN Core May 2024 Web advert
  • IR Italiana Web ad January 2021
  • Biuromax March 2024 Banner
  • Apex Web Banner April 2024
  • Mito Web advert July 2023
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • PCL May 2024 web banner
  • Altkin Web ad March 2024
  • ITP Web ad January 2021
  • Altkin Web ad March 2024
  • Zhono Web ad March 2024
  • ITP Web ad January 2021
  • Denner Feb 2024 Web Ad
  • PCL May 2024 web banner
  • CET Web ad December 2023
  • HYB Web banner Jan 2024
  • HYB Web banner Jan 2024
  • Denner Feb 2024 Web Ad
  • Altkin Web ad March 2024
  • ITP Web ad January 2021
  • PCL May 2024 web banner
  • CET Web ad December 2023
  • Zhono Web ad March 2024

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021