US cuts Chinese items from target list subject to new tariffs next month

Certain Chinese products will be removed from the new tariff list, which goes into effect from Sept. 1, the U.S. trade representative (USTR) said on Tuesday, Aug. 13.

In an announcement about the next steps in the process of imposing an additional tariff of 10 percent on $300 billion of Chinese imports, Robert Lightizer said some items will not face additional tariffs based on health, safety, national security, and other factors.

The USTR is also determined that the new tariff should be delayed to Dec. 15 for certain articles, including cellphones, laptop computers, video game consoles, certain toys, computer monitors, footwear, and clothing.

The other items will be subject to an additional 10 percent tariff from Sept.1 as announced by President Donald Trump in Aug. 1, Lightizer said. These items are among the list of products imported from China that USTR published on May 17, 2019.

The new tariffs come on top of the existing 25 percent tariffs that the Trump administration has imposed on $250 billion worth of Chinese imports over accusations of its theft of intellectual property, forced transfer of technology, cyberhacking, and industrial espionage.

The United States and China have held a dozen meetings, but have not reached a trade deal.

The Associated Press citing China’s Commerce Ministry reported Vice Premier Liu He had a phone with Lightizer and Treasury Secretary Steven Mnuchin and they agreed to another call in two weeks.

The next round of trade talks is expected to take place in September.

In a tweet on Saturday, President Trump said China wants to make a trade deal so badly as thousands of companies are leaving the country because of the tariffs.

2019-08-13T15:50:13-05:00

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source : thebl.com
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