U.S. President Donald Trump's next round of tariffs on Chinese imports is scheduled to take effect starting on Sunday, escalating the trade war ...
Here is a look at US tariffs and expected Chinese retaliation scheduled over the next several months.The US Customs and Border Protection agency will begin collecting tariffs for Chinese goods at 12.01am EDT on Sunday. Guidance issued on Friday indicated that there will not be a grace period for cargoes that have left China before that time, unlike that granted for goods in transit when the United States imposed a tariff increase in May.
The largest category of targeted products covers smart watches, smart speakers, Bluetooth headphones and other internet-connected devices that were spared from a prior round of tariffs, with Chinese imports estimated at US$17.9 billion annually by the Consumer Technology Association.The Trump administration is accepting public comments through Sep 20 on a proposed Oct 1 tariff rate increase to 30 per cent from the 25 per cent duty already in place on US$250 billion worth of Chinese imports.
Trump delayed tariffs on these products, saying he wanted to avoid hurting Christmas season sales for Apple Inc and other companies and retailers. The Chinese move, which also goes into effect in two steps on Sep 1 and Dec 15, targets US crude oil for the first time with a 5 per cent tariff. U.S. soybeans, already subject to a 25 per cent Chinese tariff, will be hit with an extra 5 per cent tariff on Sep 1, while beef and pork from the United States will get an extra 10 per cent tariff.
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