Final $200bn US tariffs against China excludes some chemicals

18 September 2018 13:34 Source:ICIS News

LONDON (ICIS)--The list of US tariffs against China in the latest $200bn round excludes 297 products from the original list, including some chemicals.

The Office of the US Trade Representative said late on Monday that the latest round of tariffs in its trade war with China would go live at 10% on 24 September.

The tariff rate is scheduled to increase to 25% from 1 January 2019.

Following a period of public consultation which ended on 6 September, the US has partially or fully removed 297 products from the original Part 3 list.

Click here to see the final tariff list which contains 5,745 of the original 6,031 products in the earlier version.

'Certain chemical inputs for manufactured goods, textiles and agriculture' were removed, according to the Office of the US Trade Representative.

Click here to see the earlier proposed list of products to be targeted by the US, published in July.

Other products removed from the proposed list include consumer electronics  such as smart watches and bluetooth devices; health and safety products such as bicycle helmets, and child safety furniture such as car seats and playpens.

US hearings to get feedback on the $200bn round of tariffs ended on 6 September after the Trump administration proposed on 1 Augustto increase the tariff from 10% to 25%.

The earlier $200bn tariff list would have impacted an additional $16.3bn in China chemical and plastics exports, according to the American Chemistry Council (ACC), the US' chemicals industry trade group.

The earlier list was very large, exceeding 6,000 products. It included olefins, aromatics, alcohols, acetyls, acrylics, anhydrides, glycols and glycol ethers.

Nitrogen fertilizers and surfactants were included as well as caustic soda and titanium dioxide (TiO2).

Pictured: Nantong Port, north of Shanghai
Source: Imaginechina/REX/Shutterstock 

Click here to view related stories and content on the US-China trade war landing page

By Will Beacham