Tariffs will include
a first tranche affecting about $34 billion worth of goods in 2018 import value
to take effect July 6 and a second tranche to undergo a public notice and
comment period, the American Shipper says.
The U.S. will impose 25 percent
tariffs on approximately $50 billion worth of goods from China in 2018 import
value, mainly including industrially significant technology products spread
across 1,102 U.S. tariff lines, the Office of the U.S. Trade Representative
(USTR) announced Friday.15 June 2018.
“Two sets” of U.S. tariff
lines will be covered by the measures, including a first set of 818
lines — totaling $34 billion — of the original 1,333 lines included on a
proposed list published on April 6, USTR said.
U.S. Customs and Border Protection will
start to collect duties on the first set of products on July 6, USTR said.
A Chinese Foreign Ministry
spokesperson during a Friday press conference vowed that
his country would retaliate.
“If the U.S. takes unilateralist
and protectionist moves to harm China’s interests, we will lose no time in
responding to that and take necessary measures to firmly safeguard our
legitimate interests,” the spokesperson said.
During a Friday call with
reporters, a senior Trump administration official said that any further
negative Chinese trade actions against U.S. industry “would be a mistake on
their part,” but declined to comment on any Trump plans for potential further
The official added that the
end goal of the tariffs is not to be punitive, but is to press China to “stop
the harm that they are causing to us.”