Hogan Lovells Publications | Hogan Lovells | 06 April 2018
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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