Tell You: Leaving Your Shipment Time Is Only 20 Days! Us Releases The List Of Tariff Products

In August 7, 2019, the United States trade negotiation office (USTR) announced a product exclusion notice under the list of $200 billion plus tariff products, which excluded 10 products and 15 applications. The validity period can be traced back to the date of the effective date of the US $200 billion list, September 24, 2018 to August 7, 2020 of the year after the announcement. The deadline for application is September 30th, and enterprises can still apply for product exclusions.

A total of two textile and clothing related products were excluded from the $200 billion exclusion list today. They are high toughness polyester yarn not more than 600 points (described in the statistical report no. 5402.20.3010) (High tenacity polyester yarn not over 600 decitex (described in statistical in)) and non-woven fabrics with a weight exceeding 25 grams / square meter but not exceeding 70 grams / square meter. They are not impregnated or covered.

Since September 24, 2018, as part of the 301 survey, USTR has imposed additional tariffs on Chinese products with an annual trade volume of about $200 billion. USTR was subsequently revised in May 2019, including the decision to establish a product exclusion process. USTR launched the exclusion procedure in June 2019, and stakeholders submitted requests to exclude specific products. This notice has released some product elimination list, and will continue to announce the elimination list of future decisions.

And this list is mainly "injured" products are consumer goods - smart phones, notebooks, tablet computers, clothing, shoes, household products and agricultural and livestock products all shot.

In particular, toys, game products and sporting goods in the list are more open to the United States. In 2018, the value of the United States imported from China accounted for 47% of China's exports.

At the G20 summit in late June, the heads of state of China and the United States agreed that China and the United States should resume economic and trade consultations on the basis of equality and mutual respect. The US side said it would no longer impose new tariffs on Chinese exports.

Soon after the voice dropped, Trump performed Sichuan Opera.

On the afternoon of August 1st, the second day after the twelfth round of trade negotiations between the two sides, the US president announced in twitter that he would implement the 300 billion tariff list from September 1st, with a duty rate of 10%. The $250 billion plus 25% policy has been implemented.

The trade negotiations are still continuing. At the same time of negotiations, the United States will begin to levy a small additional tariff of 10% on the remaining $300 billion of China's imports to the United States from September 1st. This excludes US $250 billion of Chinese imports that have been imposed 25 tariffs.

The purpose of Trump's pressure on negotiations has been very obvious, but what deserves our attention is:

The next round of high-level consultations between China and the United States is in September, and according to Trump's Twitter, these tax increases are officially started in September 1st. This means that it is very likely that the new tax increase is inevitable.

Moreover, in August 5th, the US Treasury Department officially listed China as a currency manipulator after the two sides fell below the "7" barrier between the offshore and offshore RMB against the US dollar. This is the first time since 1994.

The Chinese side announced that, because the US side announced that it would levy a 10% tariff on the US $300 billion export to China, which seriously violated the consensus between the two heads of state of Osaka, the Customs Tariff Commission of the State Council temporarily excluded import tariffs on new US agricultural products after August 3rd, and Chinese related enterprises have suspended the purchase of US agricultural products.

So, be a foreign trader in the US market.

• Read the list immediately to see if your product is shot.

• If order is in progress, please contact the guest immediately to discuss the follow-up arrangement.

• If the shipment will be arranged, please book the cabin at once, avoid the impact of the cockpit and the cabinet.

Part list screenshot:

Special reminder:

The list of HTS CODE (the Harmoised Tariff Schedule) is the US tax code, which is consistent with the first 6 bits of HS CODE. The latter 4 countries have different refinement, so it is recommended to enter the first 6 places, and then query the HTS code of products in the United States according to the specific product description, and then determine whether the enterprise products are being taxed. Enterprises can also ask American importers to confirm the US tariff code for export products.

Plus the list of products that have been taxed, if this list is implemented, the United States will levy tariffs on products totaling 524 billion 900 million dollars after September, which has reached 97% of the total value of imports from the United States in 2018. Only drugs, raw materials, some medical products, rare earth elements and key minerals were excluded.

In the first half of 2019, tariff revenue surged 73% to $33 billion 900 million, compared with the same period last year, according to US Treasury data.