United States, China To Add Tariffs To More Metals Products Starting Next Week
On Wednesday, Aug. 8, the Office of the U.S. Trade Representative released a finalized list of $16 billion in imports from China that will be subject to a 25 percent tariff starting on Aug. 23, 2018. The list, available here, includes:
- Iron or steel, bridges and bridge sections;
- Iron or steel, towers and lattice masts;
- Iron or steel, not in part alloy steel, columns, pillars, posts, beams and girders Iron or steel, columns, pillars, posts, beams and girders, nesoi;
- Steel, grating for structures or parts of structures;
- Iron or steel, structures and parts of structures, nesoi;
- Aluminum, stranded wire, cables with steel core, not electrically insulated, not fitted with fittings and not made up into articles;
- Aluminum, electric conductors of stranded wire, cables and non-electric insulated, n/fitted w/fittings or articles.
The Chinese government retaliated almost immediately, issuing its own list of tariffs on $16 billion in U.S. exports. China’s list includes: stainless steel scrap; alloy steel scrap; tinned steel scrap; scrap generated in machining and other steel scrap; refining scrap steel ingot; industrial steel products and non-industrial steel products; copper scrap; nickel scrap; aluminum scrap; and tin scrap. The tariffs also will total 25 percent and will take effect on Aug. 23, 2018.