CARM: What all importers need to know about CARM

Universal Logistics - Take The Right Route Logo with 70 Years Badge

U.S. announces second round of tariffs on Chinese goods

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

imposed 25% tariffs

on Chinese goods worth $34 billion last Friday. Beijing

immediately responded

with its own tariffs on U.S. goods worth $34 billion. Tuesday’s action makes good on a

statement

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.

More Trade Alerts:

February 2024

February 22, 2024
The following message was issued by the Canadian International Freight Forwarders Association (CIFFA) on Wednesday, February 21, 2024: Canada’s Two Major Railways Could See Strike…

January 2024

January 17, 2024
Ocean carriers have increased rates substantially across all lanes from Asia to North America upwards of $1,800.00 USD per container, with some lanes trending even…

Switch to a Logistics
Partner Who Cares

Click the button below to find out why we’ve been Canada’s most trusted freight forwarder and customs broker for over 75 years.

Professional business people team meeting and working in corporate office concept

Register now to learn more about our

101 Logistics Quick Tips

Available exclusively from Universal Logistics