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US to impose second set of tariffs on China, cotton and ancillaries in the list

"The US is looking to impose a new set of $200 billion tariffs on China. The move comes after the US implemented $34 billion worth of tariffs on Chinese imports recently, which was the first portion of the promised $50 billion Trump promised to levy against China over intellectual property concerns. Robert Lighthizer, US Trade Representative, stated China’s clap back was done without any international legal basis or justification. As a result of China’s retaliation and failure to change its practices, the president has ordered USTR (U.S. Trade Representative) to begin the process of imposing tariffs of 10 per cent on an additional $200 billion of Chinese imports. This is an appropriate response under the authority of Section 301 to obtain the elimination of China’s harmful industrial practices."

 

US to impose second set of tariffs on China cotton and ancillaries in the list 001The US is looking to impose a new set of $200 billion tariffs on China. The move comes after the US implemented $34 billion worth of tariffs on Chinese imports recently, which was the first portion of the promised $50 billion Trump promised to levy against China over intellectual property concerns. Robert Lighthizer, US Trade Representative, stated China’s clap back was done without any international legal basis or justification. As a result of China’s retaliation and failure to change its practices, the president has ordered USTR (U.S. Trade Representative) to begin the process of imposing tariffs of 10 per cent on an additional $200 billion of Chinese imports. This is an appropriate response under the authority of Section 301 to obtain the elimination of China’s harmful industrial practices.

Textiles, cotton part of list

This time, the list which stretches on for 195 pages of the USTR’s report, includes the bulk of what consumersUS to impose second set of tariffs on China cotton and ancillaries in the list 002 would buy in the supermarket plus much of the raw materials that go into what they would buy to wear. Cotton and ancillaries such as cotton yarn, cotton sewing thread, cotton woven fabric, and cotton waste will face new 10 per cent tariffs for companies that want to bring in the goods from China. Nylon yarn, polyester yarn, viscose, jute, hemp and pulps of cellulosic material are also on the list, plus coconut and other vegetable fibers companies are now turning to be as sustainable raw material alternatives. Woven fabrics across most raw materials, nonwovens, terry fabrics, lace, tulle and leather are on the target list. Apparel and clothing accessories made of plastic, vulcanised rubber, furskins and cellulose fibre will also face the new tariffs. As far as accessories, handbags, sports bags and travel goods, like suitcases and vanity cases, will face new tariffs. For footwear, there will be tariffs on shoelaces, hooks and eyelets and polishes for leather shoes. Additionally, brands and retailers will pay for finishing and sending off garments too, with garment labels, folding cartons, boxes and packing containers on the list.

China’s Ministry of Commerce said it is totally unacceptable for the US to publish the tax collection list in an accelerated upgrade. The behaviour of the US is hurting China, hurting the world, and hurting itself. This irrational behaviour is unpopular. In order to safeguard the core interests of the country and the fundamental interests of the people, the Chinese Government will, as always, have to make the necessary countermeasures.

Associations’ reactions

Rick Helfenbein, president and CEO, American Apparel & Footwear Association, said this will result in inflationary costs throughout the supply chain, ultimately paid for by the American consumer. With more than 84 per cent of US travel goods coming from China, this will hurt enormously. With the inclusion of virtually all fibres, yarn and fabric tariff lines, NCTO’s response will be on a line-by-line base, with support or opposition to individual lines dependent on how the competitiveness of the US textile industry is impacted.

On the other hand, David French, senior vice president for government relations, National Retail Federation, argued that the administration has been pursuing tariffs now for months. The latest $200 billion of products to be subject to tariffs against China doubles down on a reckless strategy that will boomerang back to harm US families and workers. French added that tariffs on such a broad scope of products make it inconceivable that American consumers will dodge this tax increase as prices of everyday products will be forced to rise. And the retaliation that will follow will destroy thousands of US jobs and hurt farmers, local businesses and entire communities. USTR says, any merchandise subject to the increased tariffs admitted into a US foreign trade zone on or after the effective date of the increased tariffs…would be subject upon entry for consumption to the additional duty.

 
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