From September 24th 200 billion imported US products will be subject to additional tariffs!
The additional tariffs will take effect on September 24, 2018, and will be set at a 10 percent level by the end of the year. From jan 1, 2019, the tariffs will rise to 25%. The move is designed to give us companies time to move the industry chain.
"After seven weeks of announcements, hearings and extensive feedback opportunities," USTR removed 297 product categories from its previously proposed tax bill.
Excluded products include:
1.Some consumer electronics, such as apple and Fitbit's smartwatch, AirPods headphones, bluetooth devices
2.Materials used in the production of chemicals for manufacturing, textile and agriculture
3.Certain health and safety products, such as bicycle helmets
4.Child safety products such as car seats and game fences
Excluding those products, the total value of the tariffs is still $200 billion, and more than 40 percent of China's exports to the United States have been added to the list.
China surgical mask manufacturers, China disposable clothing manufacturers and China hospital bed sheets suppliers please pay attention to this.
