[Reuters – Extracts August 31st 2019] – U.S. next round of tariffs on Chinese imports is scheduled to take effect starting on Sunday Sept 1st 2019.
The Trump Administration has targeted some $300 billion in annual goods imports from China for 15% tariffs in two parts, on Sept. 1 and Dec. 15.
SEPT. 1 TARIFFS
The U.S. Customs and Border Protection agency will begin collecting tariffs for Chinese goods at 12:01 a.m. EDT (0401 GMT) on Sunday. Guidance issued on Friday indicated that there will not be a grace period for cargoes that have left China before that time, unlike that granted for goods in transit when the United States imposed a tariff increase in May.
The Sept. 1 list covers about $125 billion worth of mostly consumer products. The target list includes flat panel television sets, flash memory devices, power tools, cotton sweaters, bed linens, multifunction printers and many types of footwear.
OCT. 1 TARIFF INCREASE
The Trump administration is accepting public comments through Sept. 20 on a proposed Oct. 1 tariff rate increase to 30% from the 25% duty already in place on $250 billion worth of Chinese imports.
These products include $50 billion worth of largely non-consumer goods, including machinery, electronic components including semiconductors and printed circuit boards, and chemicals. But a later $200 billion list of goods included many consumer goods and building products, including furniture, vacuum cleaners, lighting fixtures, plumbing fixtures, handbags, luggage and vinyl flooring.
DEC. 15 TARIFFS
The second part of the 15% tariffs on Chinese goods not previously hit by U.S. duties is scheduled to go into effect on Dec. 15. This list represents the heart of the consumer technology sector, including $43 billion worth of cell phones imported from China in 2018, $37 billion worth of laptop and tablet computers and $12 billion worth of toys.
(Reference: Compiled by David Lawder in Washington; Editing by Will Dunham).