Donald Trump, China tariff second list of goods, products totaling $16 billion


The final list of goods released by the US Trade Representative will apply to roughly $16 billion worth of items coming into the US, bringing the total amount of Chinese goods subject to the Section 301 tariffs up to $50 billion.

The tariffs are developed to prevent durable goods, instead concentrating on equipment, chemicals, and other commercial products. In particular, the USTR has stated that the list is expected to strike industries determined in Beijing’s Made in China 2025 plan. The strategy is created to help improve Chinese organisations in specific high-growth industries like tech and production.

Despite the focus on industrial goods, lots of financial experts state that the increased expenses for American producers will become handed downed to customers through greater costs.

While businesses had the possibility to comment on the preliminary list, launched in July, there are just five items that were ultimately dropped from the original. Those products that were spared from the tariffs are:

  • Alginic acid
  • Machines for splitting or slicing wood, cork, bone, or similar hard materials
  • Floating docks
  • Intermodal shipping containers
  • Microtomes

Here’s some of the major categories to be hit with the new tariff:

  • Lubricating oils
  • Polymers used in things such as clear plastic wrap and Styrofoam coolers
  • Resins and other industrial chemicals
  • Plastic tubes and pipes
  • Plates, sheets, film, foil, and strips of various plastics and polymers
  • Bridges or bridge parts made of iron or steel
  • Engines for industrial equipment
  • Agricultural equipment such as irrigation systems and seeders
  • Tractors
  • Specialty motor vehicles
  • Thermometers
  • Speedometers
  • Measuring equipment for everything from electrical currents to liquid supply