Trump’s China Tariffs Take Effect Today. Here’s What’s Included.
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.
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