Companies large and small, new and more than a century old all told government officials to keep apparel and footwear off the fourth list of Section 301 tariffs. The witnesses testified June 17, on the first of seven days of hearings from industries and trade groups about the possibility of additional 25 percent tariffs on nearly all Chinese imports that have not yet been targeted.
Last August, Mike Branson, executive vice president of Rheem Manufacturing's air conditioning division, warned that if 8145.90.80 wasn't added to Section 301 tariffs, Chinese air conditioner exporters would avoid tariffs on their goods (see 1808210011). On June 17, Branson was back at a Section 301 tariffs hearing saying that's exactly what's happening.
During almost a year of 25 percent tariffs on Canadian steel, U.S. purchases of Canadian steel declined by nearly 20 percent, according to Cicero Machado, a steel analyst with Wood Mackenzie. In the early weeks after the tariffs were lifted, there was not a jump in Canadian steel imports, according to Amy Magnus, whose customs brokerage in Vermont works with many importers bringing steel from Canada. Orders cannot be shipped quickly, she said.
The top Democrat and top Republican on the Senate Homeland Security Committee agree that the volume of migrants coming from Central America is a problem, and that tariffs on Mexican goods aren't a great way to solve it. The two were speaking at a June 12 program at the Atlantic Council about the tariffs on Mexican imports that were averted last weekend.
A newer high resolution format is adding movies, even as apart from Amazon and Netflix it lacks wide distribution, the 8K Display Summit was told in New York Tuesday. The coming fourth tranche of tariffs on Chinese products will affect a wider array consumer tech than past versions, attendees also were told.
A newer high resolution format is adding movies, even as apart from Amazon and Netflix it lacks wide distribution, the 8K Display Summit was told in New York Tuesday. The coming fourth tranche of tariffs on Chinese products will affect a wider array consumer tech than past versions, attendees also were told.
The Trump administration’s threat to levy List 4 Section 301 tariffs of up to 25 percent on Chinese-made TVs and all other goods not previously dutied (see 1905140025) is “much broader, much deeper and much less likely to be resolved with a quick deal” than the Mexican import tariff threat, Bob O’Brien, president of Display Supply Chain Consultants, told the 8K Display Summit Tuesday. “I think it’s going to get worse before it gets better with respect to China.”
International Trade Today is providing readers with some of the top stories for June 3-7 in case they were missed.
Tech industry reaction was sparse to President Donald Trump's Friday tweet lifting the threat of 5 percent tariffs on Mexican imports from taking effect Monday (see 1905310014). Trump had threatened to hike the tariffs incrementally each month to 25 percent by Oct. 1 if Mexico didn’t solve the influx of migrants through the southern U.S. border (see 1906060001).
Element Electronics, as it did successfully last year, again is floating the threat of job losses in South Carolina in a strategy to defeat the proposed List 4 Section 301 tariffs of up to 25 percent on the LCD panels and printed-circuit assemblies it imports from China. Element is “the sole U.S. mass assembler” of LCD TVs, and tariffs would destroy its competitiveness against companies that import finished TVs from Mexico, it commented in docket USTR-2019-0004 in requesting to appear at the List 4 public hearings that begin June 17.