Are you involved with importing goods from China?
Importing goods from China will start to have some changes. There is a proposal within the U.S government to impose an additional ten percent duty on 6,031 tariff lines from China, this is shown to have a total import value of approximately $200 billion. This move further intensifies the US’ efforts to address concerns with China’s policies on intellectual property protection.
If approved, the ten percent duty would be in addition to the 25 percent tariff imposed on $34 billion worth of Chinese goods effective July 6, 2018. Furthermore, there is a proposal to extend that tariff to an additional $16 billion worth of imports from China at some future date.
These recent activities follow an investigation which reported that China’s policies and practices related to intellectual property, technology transfer and innovation are discriminatory unreasonable. Presently, the US government asserts that China uses predatory practices in a move to challenge American technological dominance.
You may view the United States Trade Representative’s (USTR) full notice and the list of possible products subject to the additional ten percent tariff here.
Note: The list of possible products can be found starting in Annex, Page 11.
USTR will hold a public hearing Aug. 20-23 in Washington, D.C., to receive input on the proposed ten percent tariff.
To be assured of consideration, you must submit comments and responses in accordance with the following schedule:
Request to appear filing, submission of expected testimony at the public hearing, and for filing pre-hearing submissions are all due on July 27, 2018
Submission of comments is due on August 17, 2018:
Section 301 Committee will convene a public hearing in the main hearing room of the U.S. International Trade Commission, 500 E Street SW, Washington DC, 20436 beginning at 9:30 am from August 20-23, 2018
Submission of post-hearing rebuttal comments is due on August 30, 2018
ADDRESSES: USTR urges the public to utilize electronic submissions made through the Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments in sections D and F below. The docket number is USTR-2018-0026.
Companies importing from China must review the proposed tariff and examine how it will affect their supply chains. Finally, if this will affect your business in a negative way, it is recommended to speak with an expert to protect your interests.