Us raises tariff rate on previous list imports from

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products such as toys, footwear, clothing, and electronics. US Raises Tariff Rate on Previous List May 10, 2019 Imports from China that were previously hit by a 10 percent tariff under the September 2018 action are now subject to a 25 percent rate. Read “Trump and China Formalize Tariffs on $260 Billion of Imports and Look Ahead to Next Phase” by Chad P. Bown, Euijin Jung, and Zhiyao (Lucy) Lu. China Plans to Hike Tariff Rate May 13, 2019 In retaliation for President Trump’s tariff rate increase on May 10, China announced that on June 1, it intends to increase the tariff rate covering some of the $60 billion of US exports it had already hit in September . Read “China’s $60 Billion Tariff Announcement” by Chad P. Bown, Zhiyao (Lucy) Lu, and Jeffrey J. Schott. China Raises Retaliatory Tariffs June 1, 2019 China’s tariff rate hike on US exports goes in effect, covering $36 billion of the $60 billion list from September 2018. Given that China has also lowered tariffs on US competitors since the start of the trade war, there is now a 14 percentage point difference in China’s average tariff on US goods versus the rest of the world’s goods. Read “Trump Has Gotten China to Lower Its Tariffs. Just Toward Everyone Else.” by Chad P. Bown, Euijin Jung, and Eva (Yiwen) Zhang. US Announces Tariffs on Almost All Remaining Imports from China August 1, 2019 Immediately following another round of US-China trade talks, President Trump said the United States would impose a 10 percent tariff (not 25 percent as earlier threatened) on an additional $300 billion of imports from China, going into effect September 1, 2019. The list covers final consumer goods , such as toys, footwear, and clothing. Read “Trump’s 2019 Protection Could Push China Back to Smoot-Hawley Tariff Levels” by Chad P. Bown and Eva (Yiwen) Zhang.
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12 PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS TRADE AND INVESTMENT POLICY WATCH BLOG Trump Plans Two Major Rollouts of Fall 2019 Tariffs August 13, 2019 The Trump administration plans to impose the new 10 percent tariff on $112 billion of imports from China starting September 1, 2019, then $160 billion on December 15, 2019. The September 1 tariffs hit a lot of clothing and shoes , and the December 15 tariffs hit toys and consumer electronics. The timing helps importers avoid tariffs on goods typically bought for back-to-school and winter holiday shopping. Read “Trump’s Fall 2019 China Tariff Plan: Five Things You Need to Know. Delaying the rollout of new tariffs to avoid peak retail shopping seasons may be a sign that President Trump is planning for his tariffs to stay.” by Chad P. Bown. China Retaliates and Trump Announces More Tariffs August 23, 2019 China releases its plan to retaliate on $75 billion of US exports, effective September 1 and December 15, 2019, in response to Trump’s forthcoming tariffs on $300 billion of Chinese goods. The most significant change is that China will increase its average tariff on US autos from 12.6 to 42.6 percent. Later the same day, Trump said he would apply a 15 percent tariff, not 10 percent, on the $112 billion list on September 1 (includes clothing, shoes, other back-to school items) and the $160 billion list on December 15 (includes toys, consumer electronics). He also
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