The US $200 Billion Tariff List Dropped To China, And More Than 900 Items Of Textile Products Should Be Careful.

In September 17th, the Trump Administration issued a statement announcing that it would levy a 10% import duty on Chinese products of about $200 billion in September 24th and raise the tax rate to 25% in January 1, 2019.

The office of the United States Trade Representative (USTR) released details of the tax product. Tariff list (contains 5745 details). USTR held a 6 day public hearing at the end of August, after seeking public comment, and removed 297 tariff details and sub categories from the July 10th inventory, including smart watches, Bluetooth devices and other specific consumer goods, specific chemicals, textile (deleted 18 tax items), agricultural products, some safety and health products such as bicycle helmets, rubber, plastic gloves, hospital hygiene supplies, etc.

For our country textile industry For that purpose, the list still contains 917 tariff details from 50 to 60, involving all kinds of textiles. Yarn and fabric The annual export volume of manufactured products and some household textiles and related products is more than 4 billion US dollars.

Why do we decide to start with the 10% tax rate and then increase to 25%?

Trump administration officials said this was done to give us relevant enterprises "more opportunities to find alternative supplies and make corresponding adjustments". In September 7th, Trump once said that in addition to the current 200 billion dollar tariff list, if China takes "retaliatory actions" against US farmers or other industries, the United States may also start the "third stage", namely, impose additional tariffs on Chinese products for another 267 billion dollars.

Beijing time on September 18th, the Ministry of Commerce announced that the United States, despite the opposition from the overwhelming majority of international and domestic opinions, announced that it would impose a 10% tariff on the US $200 billion export to China from September 24th, and then adopt other tariff escalation measures. We deeply regret this. In order to safeguard its legitimate rights and interests and the global free trade order, China will have to synchronize its countermoves. The United States insisted on the Levy of tariffs, bringing new uncertainties to the negotiations between the two sides. It is hoped that the United States will recognize the possible adverse consequences of such actions and adopt convincing measures to correct them in time.