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US unveils proposed Chinese items list for extra tariffs
04 Apr '18
2 min read
Photo by Mikes Photos from Pexels
Responding to China’s alleged unfair practices regarding forced transfer of US technology and intellectual property, the Office of the US Trade Representative (USTR) has published a proposed list of Chinese imports that may attract extra tariffs. Though apparel and footwear are not targeted, it does hit largely at the machinery and tools used to produce such goods.
Therefore, it will become difficult to import cheaper Chinese textile machinery. This will leave the current US-China textile trade equation unchanged.
The list of 1,300 products is based on extensive interagency economic analysis and would target products that benefit from China’s industrial plans while minimizing the impact on the US economy. Sectors subject to the proposed tariffs include industries such as aerospace, information and communication technology, robotics, and machinery, according to a recent USTR press release.
President Donald Trump had announced last month that the United States will impose tariffs on nearly $50 billion worth of Chinese imports and take other actions in response to China’s policies that coerce US firms into transferring technology and intellectual property to domestic Chinese enterprises.
The proposed list will undergo further review in a public notice and comment process, including a hearing.
The announcement came days after the USTR filed a request for consultations with China at the World Trade Organisation (WTO) to address China’s discriminatory technology licensing requirements. (DS)
Therefore, it will become difficult to import cheaper Chinese textile machinery. This will leave the current US-China textile trade equation unchanged.
The list of 1,300 products is based on extensive interagency economic analysis and would target products that benefit from China’s industrial plans while minimizing the impact on the US economy. Sectors subject to the proposed tariffs include industries such as aerospace, information and communication technology, robotics, and machinery, according to a recent USTR press release.
President Donald Trump had announced last month that the United States will impose tariffs on nearly $50 billion worth of Chinese imports and take other actions in response to China’s policies that coerce US firms into transferring technology and intellectual property to domestic Chinese enterprises.
The proposed list will undergo further review in a public notice and comment process, including a hearing.
The announcement came days after the USTR filed a request for consultations with China at the World Trade Organisation (WTO) to address China’s discriminatory technology licensing requirements. (DS)
Fibre2Fashion News Desk – India
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