SEMA eNews Vol. 21, No. 38, September 20, 2018

Trump Administration Imposes Tariffs on $200 Billion Worth of Chinese Products

By SEMA Washington, D.C., Staff

  Tariffs
The Trump Administration has already imposed 25% tariffs on $50 billion worth of Chinese imports, which includes miscellaneous metal and rubber parts for auto equipment.
   

President Trump announced that 10% tariffs will be imposed on $200 billion worth of imported Chinese products starting September 24. The tariffs will increase to 25% on January 1, 2019, if the United States and China have not resolved their ongoing trade disputes. The list of products covers 5,745 full or partial lines of the original 6,031 tariff lines proposed in July. The list continues to include many auto parts, from engines and metal fasteners to tires, steering-wheel components, rubber gaskets, transmission belts, brake pads, windshields and suspension springs. View the complete list.

The Trump Administration has already imposed 25% tariffs on $50 billion worth of Chinese imports, which includes miscellaneous metal and rubber parts for auto equipment, machinery, tools, measurement and medical devices. President Trump has directed his trade officials to identify an additional $267 billion in Chinese imports that could be subject to tariffs next year.  

The tariffs are an attempt to lower the U.S./China trade deficit and to deter cybertheft of intellectual property by the Chinese government and companies. In comments opposing the list of $200 billion worth of products, SEMA noted that it advocates for fair and reciprocal trade and the protection of intellectual property rights, but expressed concern that the U.S. tariffs along with equal retaliatory tariffs imposed by China are harming American businesses, workers and consumers without producing meaningful results.

For more information, contact Stuart Gosswein at stuartg@sema.org.

 

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