{"id":686,"date":"2024-02-02T11:34:18","date_gmt":"2024-02-02T11:34:18","guid":{"rendered":"https:\/\/www.jdgroup.net\/latest-u-s-trade-actions-tariffs-and-other-countries-retaliatory-measures-august-30-2018\/"},"modified":"2024-02-02T11:34:18","modified_gmt":"2024-02-02T11:34:18","slug":"latest-u-s-trade-actions-tariffs-and-other-countries-retaliatory-measures-august-30-2018","status":"publish","type":"post","link":"https:\/\/www.jdgroup.net\/en\/latest-u-s-trade-actions-tariffs-and-other-countries-retaliatory-measures-august-30-2018\/","title":{"rendered":"Latest U.S. Trade Actions\/Tariffs and Other Countries Retaliatory Measures \u2013 August 30, 2018"},"content":{"rendered":"

Latest U.S. Trade Actions\/Tariffs and Other Countries Retaliatory Measures \u2013 August 30, 2018<\/strong><\/p>\n

Last updated on 8\/14\/2018: added new Section 232 tariff of 50% on steel from Turkey.<\/p>\n

Update on 8\/8\/2018: added China\u2019s retaliatory tariffs on $16 billion \u2013 List of affected HTS Subheadings includes additional 219 tariff items, plus tariff rate of 25%.<\/p>\n

Update on 8\/7\/2017: added USTR\u2019s final list of covered products for Section 301 List 2 tariffs with 25% tariff rate.<\/p>\n

<\/strong><\/p>\n

Background<\/strong><\/p>\n

On March 8, 2018, President Trump issued two Presidential Proclamations announcing the imposition of special Section 232 duties on certain steel and aluminum products. Shortly thereafter, on March 19, 2018, the U.S. Department of Commerce\u2019s Bureau of Industry and Security (BIS) issued an interim rule in the Federal Register establishing a new process by which organizations may submit requests to exclude their products from Section 232 tariffs on steel and aluminum.<\/strong><\/p>\n

Three days later, on March 22, 2018, President Trump announced his decision to take action against what he terms as China\u2019s unfair trade practices. These are outlined in the U.S. Trade Representative\u2019s (USTR) Section 301 investigation report of China\u2019s acts, policies and practices related to technology transfer, intellectual property and innovation. As part of the U.S. response, the USTR proposed an additional tariff of 25 percent on a list of products imported from China. The list of products, which is defined by 8-digit HTS subheadings, is set out in this Federal Register notice. The new Section 301 tariffs could potentially affect over 1,300 HTS lines.<\/strong><\/p>\n

Both Section 232 and 301 tariffs are in addition to other general or special duties that may apply. It is important to remember that special duties \u2013 such as antidumping and countervailing (ADD\/CVD) \u2013 continue to be a high priority issue in the international trade arena. Regardless of the impact made by the above tariffs, U.S. Customs and Border Protection continues to actively monitor and audit high-risk antidumping and countervailing activity.<\/strong><\/p>\n

<\/strong><\/p>\n

U.S. Trade Actions as of 8\/14\/2018<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
Action<\/strong><\/td>\nCovered Products<\/strong><\/td>\nRate Increase<\/strong><\/td>\nEffective Date<\/strong><\/td>\n<\/tr>\n
Section 232<\/td>\nSteel and Aluminum<\/td>\nSteel \u2013 25%
Aluminum \u2013 10%<\/td>\n		6\/1\/2018<\/td>\n<\/tr>\n
Status:<\/strong><\/td>\nSteel \u2013 all countries of origin except South Korea, Brazil, and Argentina (agreed to quotas); and Australia (exempted).Aluminum \u2013 all countries of origin except Argentina (agreed to quota); and Australia (exempted).<\/p>\n

Beginning August 13, steel articles covered by Section 232 from Turkey are subject to an ad valorem<\/em> duty rate of 50%.<\/strong><\/p>\n<\/td>\n<\/tr>\n

Section 232<\/td>\nAutos and Automotive Parts<\/td>\nTBD<\/td>\nTBD<\/td>\n<\/tr>\n
Status:<\/strong><\/td>\n<\/td>\n<\/tr>\n
Section 301<\/td>\nList 1<\/a> <\/p>\n<\/p>\n

List 2<\/a><\/p>\n<\/p>\n<\/p>\n

List 3<\/a><\/p>\n<\/td>\n

25% <\/p>\n

25%<\/p>\n<\/p>\n

25%<\/p>\n<\/td>\n

7\/6\/2018 <\/p>\n

8\/23\/2018<\/p>\n<\/p>\n

TBD<\/p>\n<\/td>\n<\/tr>\n

Status:<\/strong><\/td>\nList 1 totaling $34 billion worth of imports is composed of 818 tariff lines, and went into effect on 7\/6\/2018.List 2 totaling $16 billion worth of imports is composed of 284 proposed tariff lines identified by the interagency Section 301 Committee. 279 of the 284 lines go into effect on 8\/23\/2018.<\/p>\n

List 3 includes a list of tariff lines of products from China with an annual trade value totaling approximately $200 billion. These are also subject to a public review process<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/strong><\/p>\n

Retaliatory Actions<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Canada<\/td>\nList<\/a><\/td>\nTable 1 \u2013 25%
Table 2 \u2013 10%
Table 3 \u2013 10%<\/td>\n		7\/1\/2018<\/td>\n<\/tr>\n
Status:<\/strong><\/td>\nThe Canadian government received over 1,000 submissions of public feedback during public consultations on its original list.Canada is imposing countermeasures against C$16.6 billion in imports of steel, aluminum, and other products from the U.S., representing the value of 2017 Canadian exports affected by the U.S. tariffs.<\/td>\n<\/tr>\n
EU<\/td>\nList<\/a><\/td>\nAnnex I \u2013 10% or 25%
Annex II \u2013 10% \u2013 50%<\/td>\n		Annex I \u2013 6\/22\/2018
Annex II \u2013 3\/23\/2018 or 5th day after WTO Dispute Settlement Body rules against the U.S. action, whichever is first.<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
Mexico<\/td>\nList<\/a><\/td>\n7% \u2013 25% (pages 1-4) <\/p>\n

10% \u2013 15% (page 5)<\/p>\n<\/td>\n

6\/5\/20187\/5\/2018<\/td>\n<\/tr>\n
Status:<\/strong><\/td>\nMost retaliatory measures effective as of 6\/5\/2018. An \u201cexception\u201d list is effective on 7\/5\/2018.<\/td>\n<\/tr>\n
China (Response to Section 232 Tariffs)<\/td>\nList<\/a><\/td>\nAnnex I \u2013 15% \u2013 25%<\/td>\n4\/3\/2018<\/td>\n<\/tr>\n
China (Response to Section 301 Tariffs)<\/td>\nList 1List 2<\/p>\n

List 3<\/p>\n<\/td>\n

25%25%<\/p>\n<\/p>\n

TBD<\/p>\n<\/td>\n

7\/6\/2018 <\/p>\n

8\/23\/2018<\/p>\n<\/p>\n

TBD<\/p>\n<\/td>\n<\/tr>\n

Status:<\/strong><\/td>\nList 1 is composed of 545 tariff lines, and goes into effect on 7\/6\/2018.List 2 contains 333 tariff lines on U.S. goods worth $16 billion. Start date is 8\/23\/2018.<\/p>\n

List 3 contains 5,207 tariff lines on U.S. worth $60 billion. Start date is unknown.<\/p>\n<\/td>\n<\/tr>\n

India<\/td>\n<\/td>\nUp to $10.6 billion;
Annex I \u2013 5% \u2013 100%<\/td>\n		6\/21\/2018<\/td>\n<\/tr>\n
Status:<\/strong><\/td>\nThe U.S. declined India\u2019s request for WTO consultations. Thus leading to India\u2019s retaliation tariffs on U.S. goods, effective immediately.<\/td>\n<\/tr>\n
Japan<\/td>\n<\/td>\nUp to $1.91 billion<\/td>\nTBD \u2013 no earlier than March 23, 2021, or the 5th day following the date of a decision from the WTO DSB, whichever comes first.<\/td>\n<\/tr>\n
Status:<\/strong><\/td>\nNo update since May 18, 2018. Ambassador Lighthizer is holding trade talks with Economy Minister Motegi in July. Under Secretary McKinney is also leading a trade mission to Japan to discuss a possible bilateral trade deal.<\/td>\n<\/tr>\n
Russia<\/td>\n<\/td>\nUp to $3.16 billion<\/td>\nTBD<\/td>\n<\/tr>\n
Status:<\/strong><\/td>\nRussia will apply the proposed suspension of equivalent concessions upon the expiration of 30 days from the day on which Council on Trade in Goods has been notified. The suspension will continue until the U.S. lifts the safeguard measures.<\/td>\n<\/tr>\n
Turkey<\/td>\n<\/td>\nUp to $1.78 billion;
Annex I \u2013 5% \u2013 40%<\/td>\n		6\/21\/2018<\/td>\n<\/tr>\n
Status:<\/strong><\/td>\nThe U.S. declined Turkey\u2019s request for WTO consultations due to the provisions of the Safeguard Agreement. The Government of Turkey proposed the suspension of equivalent concessions starting June 21, 2018.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Please feel free to contact us if you have any 232\/301 tariffs questions or if you have any other Import\/Export Trade Compliance related questions.<\/p>\n

Ph. (619) 661 5525<\/p>\n

info@jdgroup.net<\/a><\/p>\n

\n","protected":false},"excerpt":{"rendered":"

Latest U.S. Trade Actions\/Tariffs and Other Countries Retaliatory Measures \u2013 August 30, 2018 Last updated on 8\/14\/2018: added new Section 232 tariff of 50% on steel from Turkey. Update on 8\/8\/2018: added China\u2019s\u00a0retaliatory tariffs\u00a0on $16 billion \u2013 List of affected HTS Subheadings includes additional 219 tariff items, plus tariff rate of 25%. Update on 8\/7\/2017: […]<\/p>\n","protected":false},"author":1,"featured_media":687,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"lang":"en","translations":{"en":686},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/posts\/686"}],"collection":[{"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/comments?post=686"}],"version-history":[{"count":1,"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/posts\/686\/revisions"}],"predecessor-version":[{"id":703,"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/posts\/686\/revisions\/703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/media\/687"}],"wp:attachment":[{"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/media?parent=686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/categories?post=686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jdgroup.net\/wp-json\/wp\/v2\/tags?post=686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}