The Office of the U.S. Trade Representative issued a new set of product exclusions from the 25 percent Section 301 tariffs on goods from China. The exclusions include products from the third list of Section 301 goods. The new exclusions include " 83 specially prepared product descriptions, which cover 95 separate exclusion requests", according to the notice.
The Section 232 tariffs on steel from Turkey will soon again go from 25 percent to 50 percent, President Donald Trump said in a tweet, that includes a linked statement. The change in tariffs are the result of Turkey's "destabilizing actions in northeast Syria." The tariffs were previously increased to 50 percent, but were reduced back to 25 percent in May. Trump also said the U.S. would stop negotiating a trade deal with Turkey.
Acting Department of Homeland Security Secretary Kevin McAleenan is leaving the government, President Donald Trump said in a tweet. McAleenan, who was a confirmed CBP Commissioner prior to taking the DHS post, has faced immigration-related criticism since he became the acting secretary. "Kevin now, after many years in Government, wants to spend more time with his family and go to the private sector," said Trump.
The U.S. may impose up to about $7.5 billion worth of retaliatory tariffs on the European Union for its subsidies to Airbus, a World Trade Organization arbitrator ruled Oct. 2. The WTO’s Dispute Settlement Body must still adopt the decision of the arbitrator at its next meeting, scheduled for Oct. 28. The U.S. could also request a special meeting within 10 days, meaning tariffs could come as early as Oct. 12, according to a Reuters report. The U.S. Trade Representative has proposed lists totaling over $20 billion in imports from the EU on which it may impose tariffs.
The Office of the U.S. Trade Representative issued two new sets of product exclusions from the 25 percent Section 301 tariffs on goods from China. The exclusions include products from the first two lists of Section 301 goods. The new exclusions from the first tranche include "92 specially prepared product descriptions" and cover 129 separate requests, according to the notice. The second tranche exclusions include 111 product descriptions and covers 382 requests, the agency said.
The U.S. Trade Representative announced that the U.S. will reduce or eliminate tariffs on certain Japanese machine tools, bicycles, bicycle parts, fasteners, steam turbines and musical instruments, as well as eliminating or reducing tariffs on 42 tariff lines that cover $40 million in food and agricultural imports from Japan, as part of a "mini-deal" recently agreed to by the two countries. Those food and agricultural imports include plants, flowers, persimmons, green tea, chewing gum and soy sauce.
The Office of the U.S. Trade Representative issued three new sets of product exclusions from the 25 percent Section 301 tariffs on goods from China. The exclusions include products from the first three lists of Section 301 goods. The new exclusions from the first tranche include "310 specially prepared product descriptions" and cover 724 separate requests, according to the notice. The second tranche exclusions include 89 product descriptions and covers 400 requests, while the third tranche exclusions include 38 product descriptions that cover 46 exclusion requests, the agency said.
President Donald Trump said the next Section 301 tariff increase won't occur until Oct. 15, two weeks later than the previously announced date. "We have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th," he said in a tweet.
The U.S. will on Oct. 1 raise its existing Section 301 tariffs on the first three lists of $250 billion in imports from China from 25 percent to 30 percent, said President Donald Trump in a series of tweets Aug. 23. The next set of tariffs set to take effect beginning Sept. 1 on $300 billion in imports from China will also be increased from 10 percent to 15 percent, Trump said.
The U.S. Trade Representative released the tariff lines that won't face additional tariffs until December, and the list is far broader than electronics, clothes and toys. Chemicals, food, camping gear, blankets, baby items, sports equipment, watches, clocks, small appliances, wooden hangers and fireworks all are spared, along with a wide variety of clothes and electronics. The list covers more than 650 tariff lines.