Trade War Begins
On Friday July 6, the Trump Administration’s new 25% tariffs on Chinese imports take effect. However, not all imports from China are subject to the new tax. Only about 10% of all imports from China are included in the new tariffs.
The focus is specifically on 818 items that have national security implications for the United States. These categories span a number of sectors, though they are nearly all industrial in nature.
Included in the New Tariffs:
- Oil, gas and other power generation equipment (turbines, heat exchangers, pumps)
- Agricultural equipment (combines, poultry processing equipment, dairy equipment)
- Aerospace components (electrical and mechanical aircraft parts)
- Electro-mechanical components (motors, gears, bearings)
- Manufacturing machinery (milling machines, lathes, shears)
- Scientific equipment (microscopes, X-ray tubes, chromatographs)
- Electrical components (LEDs, transistors, semiconductors)
Clothing, cell phones, and most household and consumer electronic products remain unaffected by the new tariffs. Again, as a percentage of the total imports from China, the new tariffs only comprise 10% of imports by value.
The first list of items subject to the new 25% tariffs were released on April 3, 2018. This initial list contained 1,333 items and sought comments from the public. Approximately 3,200 written submissions were filed in response to this list.
A committee convened a three-day public hearing from May 15-17, 2018 to discuss the matter. The public submissions and a transcript of the hearing are available on www.regulations.gov in docket number USTR-2018-0005.
All 818 items included in the new tariffs are available here.
Free Tariff Check by Redstone Manufacturing
Redstone Manufacturing will check the tariffs on specific items for you for free. Email firstname.lastname@example.org if you’d like to ask about the tariffs for a specific item.