From the Auto Care Association Capital Report
Last Friday, June 15, the Trump administration released a statement announcing a 25 percent tariff on $50 billion of goods from China and published two lists: a finalized list of 818 entries subject to the tariff beginning July 6, and another list of 284 additional entries for review and comment.
The decision follows a Section 301 investigation conducted by the Office of the U.S. Trade Representative (USTR) into China’s acts, policies and practices related to technology transfer, intellectual property and innovation.
The products announced have been “identified by the interagency Section 301 Committee as benefiting from Chinese industrial policies, including the ‘Made in China 2025’ industrial policy.”
USTR will provide an opportunity for the public to request exclusion of a particular product from the additional 25 percent duty. Additional details regarding the second list review process and exclusion process will be released in a subsequent Federal Register notice.
The president’s announcement also states that the administration will pursue additional tariffs if China engages in retaliatory measures, including new tariffs on U.S. goods or other trade barriers.
The Auto Care Association says it supports the administration’s efforts to protect U.S. intellectual property, but is deeply disappointed that the administration failed to evaluate the economic harm to the cost of repair and maintenance on family autos and the unintended consequences of trade restrictions on the average American family.