The Trump administration is threatening to launch a second round of tariffs on Chinese goods, with a total value of $200 billion.
On July 10th, U.S Trade Representative Robert Lighthizer
released a list of thousands of additional goods
that could face 10% tariffs after a public comment period, which includes fruit and vegetables, handbags, refrigerators, furniture, baseball gloves and automotive parts and accessories.
The tariffs will not go into effect immediately but will undergo a two-month review process, with hearings August 20-23 at the U.S. International Trade Commission in Washington, DC.
The move comes after the United States
on Chinese goods worth $34 billion last Friday. Beijing
with its own tariffs on U.S. goods worth $34 billion. Tuesday’s action makes good on a
President Donald Trump made last month. He directed Lighthizer to identify $200 billion in Chinese goods for tariffs that would significantly impact China’s economy, if China retaliated against U.S. penalties that are meant to punish the country for intellectual property theft.
For more information please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905) 882-4880, ext. 213.
