U.S.-China Trade War Heats Up
Finally, the U.S. Trade Representative (USTR) announced a proposed additional ad valorem duty of up to 25 percent on products from China with an annual $300 billion trade value. The proposed “List 4” covers 3,805 full and partial tariff subheadings. The USTR stated that these proposed tariffs cover “essentially all remaining imports from China.” However, the list excludes pharmaceuticals and rare earths minerals used in electronics and batteries. List 4 will be subject to a comment period and public hearings before they are put in place.
One Voice, the advocacy arm of the Precision Metalforming Association and the National Tooling and Machining Association, is on the record supporting the President’s efforts and those of previous administrations to address China's illegal theft, subsidies and efforts to undercut our members. PMA joined with a number of other groups calling for the United States, EU and others to act together and create a universal oversight regime over China. However, some members have reported that due to the U.S. unilateral action against China, some customers are now sourcing more finished products or manufactured goods from overseas to avoid the China tariffs.
For the full list of products included on U.S. List 3, click here. For the proposed products that will be included on List 4, click here. For items included on U.S. Lists 1 and 2, click here. For a list of U.S. products subject to Chinese retaliations beginning June 1, contact Christie Carmigiano at email@example.com.