ExportImportIndustry News

Trump Tariff Timeline

Tariff Timeline for U.S. Imports and Exports

The year 2018 has affected the global trade industry in many ways.  The following timeline shows the announcement dates and effective dates for new tariffs on a variety of products affecting a variety of countries including China, Mexico, Canada, South Korea, India, Australia, Brazil and the European Union.  Tariffs range from 10% up to 50% and values run into the billions.  Importers and exporters alike are scrambling to find out how these new tariffs will affect their bottom line, and consumers are pondering if the cost of goods will be absorbed or passed on. The following timeline gives you a visual and small details. Keep reading for more detailed information.

Click to enlarge and view details below, and feel free to download.

 

 


March 23, 2018 Effective Date

Section 232

Imports of Steel and Aluminum Products
from all countries except South Korea, Argentina, Brazil, Australia, and European Union, Canada, and Mexico
  • Additional 25% on imported steel
  • Additional 10% on imported aluminum
  • South Korea permanent exemption on steel; faces quotas [Effective March 28/Ends April 30]
  • Argentina, Brazil, Australia [Exempt indefinitely; Effective April 30]
  • EU, Canada, Mexico [exempt until June 1]

 

Read More

 

June 5, 2018 Effective Date

Retaliatory Tariffs

Exports to Mexico
  • Value: $3 billion
  • Duty Rate:  15%, 20%, 25%
  • Goods affected: pork, cheese, apples, cranberries, potatoes, ham, whiskey, steel, aluminum

 

Read More

 

June 15, 2018 Announcement Date

Section 301

Imports from China 
  • Total Value: $50 Billion
  • 2 Lists and Effective Dates
List
  • Effective 7/6/2018
  • Value: $34 billion
  • Additional 25%
  • Goods affected: Non-Consumer products

Download List 1
*Hint: To find your product or HTS number, hit ctrl+f and enter a short keyword associated with your product.

List 2
  • Under investigation. This list of products will undergo further review in a separate public notice and comment process, including a public hearing. After completion of this process, USTR will issue a final determination on the products from this list that would be subject to the additional duties.
  • Effective after August 30, 2018
  • Value: $16 billion
  • Additional 25%
  • Goods affected: “contain industrially significant technologies”

Download List 2
*Hint: To find your product or HTS number, hit ctrl+f and enter a short keyword associated with your product.

 

Read More

 

June 15, 2018 Announcement Date

Retaliatory Tariffs

Exports to China
  • Value: $50 billion
  • Duty Rate: 25%
  • Goods affected: 2 lists
List 1 
  • Effective 7/6/2018
  • Value: $34 billion
  • Goods affected: 545 items including agriculture products, automobiles, and aquatic products
    Download List 1 (in Chinese)
List 2
  • Under investigation
  • Effective TBD
  • Value: $16 billion
  • Goods affected: 114 items, including crude oil, diesel, and magnetic resonance imaging kits
    Download List 2 (in Chinese)

 

Read More

 

 

June 22, 2018 Announcement Date

Retaliatory Tariffs

Exports to European Union
  • Value: €2.8 Billion
  • Duty Rate: 10%, 25%, 50%
  • Goods affected: corn, grain, orange juice, cranberries, and more

 

Read More

 

July 1, 2018 Effective Date

Retaliatory Tariffs

Exports to Canada
  • Value: $13 Billion
  • Duty Rate: 25% on steel and 10% on all other commodities
  • Goods Affected: steel, whiskey, bags, lawnmowers and more

 

Read More

 

 

July 6, 2018 Effective Date

Section 301 – List 1

Imports from China
  • Value: $50 Billion
  • Duty Rate: 25%
  • Goods affected: “List 1
  • Chinese goods industrial, non-consumer products such as parts
Read More

 

 

July 6, 2018 Effective Date

Retaliatory Tariffs

Exports to China
  • Duty Rate: 25%
  • Value: $34 billion
  • Goods affected: List 1, which includes 545 items
Watch Video

 

July 10, 2018 Announcement Date

Additional Tariffs under Section 301 • List 3

Imports from China
  • USTR Announces proposed additional tariffs on Chinese goods
  • Duty rate 10%
  • Value: $200 Billion
  • Goods affected: > 800 products, 6,031 tariff subheadings
  • View List

 

Read More

 

July 11, 2018 Announcement Date

Retaliatory Additional Tariffs

Exports to China
  • Chinese government duplicates U.S. announcement and tariff decision at lower value
  • Value $50 billion

 

Why a Lower Value?
By the way, the U.S. imported $505 billion of Chinese goods in 2017, while China importer $130 billion of U.S. goods in 2017.

 

August 4, 2018 Effective Date

Retaliatory Tariffs

Exports to India
  • Value: $241 million
  • Duty Rate: 50%
  • Goods: Motorcycles
Read More

 

sometime on or after August 30, 2018 Effective Date

Section 301 – List 2

Imports from China
  • Value: $16 Billion
  • Duty Rate: 25%
  • Goods affected: “List 2″
  • Goods affected: “contain industrially significant technologies”
  • [Currently under investigation. This list of products will undergo further review in a separate public notice and comment process, including a public hearing. After completion of this process, USTR will issue a final determination on the products from this list that would be subject to the additional duties which will be after August 30, 2018]

 

Download Printable Version (PDF)

 

Scarbrough will continue to monitor the new regulations closely and notify our clients that are affected.  We suggest that importers and exporters take a look at their classifications to ensure they are staying compliant with U.S. Customs and Border Protection and doing what is best for their organizations.  Scarbrough Consulting, Inc. is offering 30 minutes free consulting and a free estimate for classification review and consulting. Moreover, STR Trade Attorneys offer the Top 5 Strategies to avoid or reduce Section 232 and 301 duty increases in this blog post.

Please email consulting@scarbrough-intl.com or your dedicated Scarbrough representative if you are interested or have questions.  You can also call 816-584-2414.

 

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