CARM: What all importers need to know about CARM

U.S. $300 billion trade action against China

Toronto, May14, 2019

In the latest round of the trade war between the USA and China, President Donald Trump has issued the $300billion

list of proposedgoods

for comment prior to implementation of a 25%China tariff. The official notice, complete with a list of HS tariff classifications, has been issued by the

United States Trade Representative(USTR).

This round of potential tariffs covers most remaining un-tariffed goods from China, e.g. food, books, glassware, computers, clothing, toys, etc.. If this list goes through, 96% of Chinese origin goods entering the USA will have become subject to a 25% tariff.

Interested parties may submit written comments to the USTR by June17, 2019 as outlined in the notice.

After U.S. tariffs were raised on Chinese products with a value of $200 billion last week, China retaliated with increased tariffs against 5,140 U.S. products entering China, such as honey, vegetables, coffee and various meats representing $60 billion of goods. A representative for Beijing says, “We are determined and capable of safeguarding our legitimate rights and interests. We hope the United States will meet China halfway to address each other’s legitimate concerns. Further retaliation is expected from China. Updates will be issued as the situation evolves.

For more information, please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905)882-4880, ext.213.

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