Last week, President Trump announced that he would be moving forward with “List 4” 301 tariffs on approximately $300 billion in Chinese goods. The 10% tariff will take effect Sept. 1 and covers nearly all remaining goods imported from China – 3,805 full and partial tariff subheadings.
RVIA News & Insights reported that U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin traveled to Shanghai last week, where they engaged in talks that the White House at the time called “constructive.” Insiders, however, said they were told by participants that most were not convinced that anything would be accomplished in a follow-up meeting scheduled for early September.
China has insisted that it will not enact any of its commitments until there is a final agreement in which the U.S. lifts all tariffs. This list is expected to hit American consumers harder than the previous lists, as it includes goods like clothes, toys, electronics and other retail items.
The Office of the United States Trade Representative (USTR) released the full list of products that could be included in May and held seven days of hearings in June. The final list will be published in the coming days, according to a spokesperson for USTR.
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