USTR officially announces US $ 300 billion increase in tariffs to 15%-Reuters News-International

[Washington / Decatur, Illinois, 28th Reuters]-US Trade Representative (USTR) raised the tariff rate on Chinese products worth US $ 300 billion, announced by President Trump on the 28th, 15% in the official gazette Officially announced.

The upgrade will take place in two stages, first targeting products worth about 125 billion dollars at 01:00 am on September 1st (9:01 am Japan time), and the rest on December 15th. To do.

In September, smart watches, Bluetooth headphones, flat-screen TVs, shoes, etc. will be covered, while in December, mobile phones, laptop computers, toys, clothing, etc. will be covered.

The Trump administration has previously set the tariff rate at 10%, but the Chinese Ministry of Commerce announced on the 23rd that it will impose an additional tariff of 5-10% on products worth $ 75 billion imported from the US as a retaliation measure. He said he would raise the tariff rate to 15%.

In addition, President Trump has also announced a policy to raise the tariff rate on Chinese products worth $ 250 billion on October 1 from 25% to 30%. USTR spokesman has announced that the details of the procedure for soliciting opinions will be announced separately.

USTR pointed out that China has announced an additional tariff measure against the United States, "It has been shown that the measures currently in place are not appropriate." He accused China of “unfair policies and customs,” citing “specific measures for devaluing the currency”. On top of that, China did not deal with the underlying problem, but instead raised tariffs and warned retaliation, saying, “This impedes the US economy further.”

US President Trump gave a telephone speech at an agricultural exhibition in Decatur, Illinois, and revealed that there is a possibility of concluding an "rapid agreement" with China in preparation for next year's presidential election.

On the other hand, he said, “It's a wrong agreement,” and argues that he wants to do it in the “right way,” which requires a stronger attitude and long-term negotiations. He also explained that support for domestic farmers is financed by customs revenue for Chinese products.

White House President Navarro (Director of Trade and Manufacturing Policy) said in an interview with the FOX business network on the same day that the trade friction with China “is unlikely to be overcome early because of the underlying structural problems. I can say clearly. "

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