Potential trade war looms

As potential trade war looms, nearly 1,300 U.S.-imports may be subject to additional 25 percent tariffs under Section 301.

U.S. imports from China potentially subject to additional duties include certain chemicals, pharmaceutical products, medical devices, rubber, iron, steel and aluminum products, boilers, machinery and mechanical appliances, television and sound equipment, vehicles and parts, aircraft and parts, food products, ships and vessels, optical and photographic products, arms and ammunition, furniture and bedding. Meanwhile, in retaliation, U.S. exports to China are targeted for increased tariffs, including certain soybeans, wheat, corn, cotton, beef, orange juice, tobacco, vehicles, and diagnostic reagents.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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