World: China removes several US products from tariffs list - PressFrom - US

WorldChina removes several US products from tariffs list

15:25  11 september  2019
15:25  11 september  2019 Source:

Tariffs hit Apple and other tech companies tomorrow

Tariffs hit Apple and other tech companies tomorrow Some of the tech you like is about to get more expensive -- at least for the companies that design them, if not you. True to earlier plans, the Trump administration has formally enacted a new round of tariffs against China-made products that will take effect September 1st. The measures will hit tech companies with 15 percent tariffs on a range of goods, with Apple potentially feeling the pinch harder than most. The hikes will affect AirPods, the Apple Watch, some Beats earphones, the HomePod and iMacs. The tariffs will also affect a range of components, including cameras, flash storage, optical discs (like Blu-ray and DVD) and lithium-ion batteries.

US delays China tariffs for some items including cellphones, removing other products from list . Washington, DC - The United States Trade Representative (USTR) today announced the next steps in the process of imposing an additional tariff of 10 percent on approximately 0 billion of Chinese

The United States Trade Representative office said Tuesday certain items were being removed from the new China tariff list because of "health, safety, national security and other factors" while tariffs on other items would be delayed until December 15. The products in the group that will have tariffs

China on Wednesday said it would spare a number of US products from punitive tariffs in what is seen as an olive branch by Beijing in the protracted trade war ahead of high-level talks next month.

China removes several US products from tariffs list© Ina FASSBENDER The long-running trade war between China and the US has seen them swap tariffs on goods worth hundreds of billions of dollars

However, the goods do not include big-ticket agricultural items that could be crucial to the ultimate success of any agreement between the two sides, whose stand-off is dragging on the global economy.

The exemptions will become effective on September 17 and be valid for a year, according to the Customs Tariff Commission of the State Council, which released two lists that include seafood products and anti-cancer drugs.

China lodges tariff case at WTO against the U.S.

China lodges tariff case at WTO against the U.S. China lodges tariff case at WTO against the U.S.

Trump’s list of items to be tariffed has come in four stages. The first two affected roughly billion of Diligently plan how much stock you hold considering that tariffs may be removed on very short We have several products that we have imported under an HTS code in the past that is now hit by

China has imposed several rounds of duties on U . S . goods in retaliation against U . S The items on the two tariff exemption lists - posted on the ministry’s website Beijing has previously said it would work on exempting some U . S . products from tariffs if they are not easily substituted from elsewhere.

The lists mark the first time Beijing has announced products to be excluded from tariffs.

Other categories that will become exempt include alfalfa pellets, fish feed, medical linear accelerators andmould release agents, while the commission said it was also considering further exemptions.

Trade negotiators have said they will meet in Washington in early October, raising hopes for an easing of tensions between the world's two biggest economies.

Both sides imposed fresh tit-for-tat tariffs on September 1 in the latest round of levies, which now cover goods worth hundreds of billions of dollars.

"These adjustments signal that China is more willing to make progress in the October trade talks, likely toward striking a 'narrow' agreement that involves China buying more US goods in exchange for the US suspending further tariff hikes," Barclays analysts said in a research note.

China and US agree to meet in October for trade negotiations: Chinese Ministry of Commerce

China and US agree to meet in October for trade negotiations: Chinese Ministry of Commerce China's Ministry of Commerce said Thursday that the leaders of the U.S. and Chinese trade talks held a phone call in the morning and agreed to meet in early October for another round of negotiations. This is breaking news. Please check back for updates.

Announcing the tariffs in June, the Office of the US Trade Representative said the tariffs would target industrial goods, particularly in areas identified under China 's "Made in China 2025" The list includes several subcategories under the Harmonized Commodity Description and Coding Systems, or HS, a

The Trump tariffs are a series of United States tariffs imposed during the presidency of Donald Trump as part of his "America First" economic policy to reduce the United States trade deficit by shifting

The analysts said Beijing had been sounding a more "constructive" note in recent weeks over trade relations.

Growing pressure

US businesses in China are increasingly pessimistic about their prospects, with a report released Wednesday saying growing numbers of companies expect their revenues and investment in the local market to shrink.

The American Chamber of Commerce in Shanghai said just 47 percent said they expected to increase their investments in China in 2019 -- down from 62 percent last year -- while three-quarters of businesses surveyed said they opposed the US use of punitive tariffs to force China into a trade deal.

In a sign of the pressure being felt by China, the central People's Bank of China said on Friday it would cut the amount of cash lenders must keep in reserve, allowing for an estimated $126 billion in additional loans to businesses.

China's economy grew 6.2 percent on-year in the second quarter, the lowest rate in nearly three decades.

President Donald Trump on Friday said the weight of the protracted trade war is damaging China more than the US.

"China is eating the tariffs," he said on Twitter, repeating his claim that higher duties mean Washington is collecting billions of dollars from the Asian giant, without costs being passed on to US consumers.

But experts have warned there are signs the US is also feeling the pinch, with job creation slowing across major industries last month.

Trump delays tariff hikes by two weeks in 'good will' gesture to China.
Trump delays tariff hikes by two weeks in 'good will' gesture to China

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