Third Tranche List Updated
USTR removed 142 chemical products from List 3 tariffs
19:07 PM | September 18, 2018 | Clay Boswell
The US Trade Representative (USTR) removed 142 chemical product lines, including two plastic products, before finalizing the third list of Section 301 tariffs on Chinese imports, says the American Chemistry Council (ACC). Issued on 17 September, List 3 now includes 1,363 chemical products with a 2017 value of $12.9 billion, $3.5 billion less than the original proposal, according to ACC estimates. The new tariffs begin at 10% on 24 September, and on 1 January 2019, they will be increased to 25%.
Products removed from the list include rare earth metals, molybdenum oxides and hydroxides, vanillin, ibuprofen, sucralose, soaps (non-toilet), and plastic gloves.
The list totaled 6,031 product lines when it was proposed on 10 July. After taking public testimony on the tariffs in August, the USTR reduced the list to 5,745 full or partial product lines.
Including the first two lists, 1,516 chemical products from China with a 2017 import value of $15.1 billion face Section 301 tariffs, says ACC.
See the entire list here: https://ustr.gov/sites/default/files/enforcement/301Investigations/Tariff%20List_09.17.18.pdf« Previous Post Next Post »