Which US tariffs have been cancelled or reduced as part of the deal?

Question

Accepted Answer

US Tariffs Cancelled or Reduced Under Phase One Deal

As part of the "phase one" trade deal between the United States and China, certain tariffs have been cancelled or reduced. Specifically, the 15% tariffs that were scheduled to take effect on December 15th on US$160 billion of Chinese goods, including electronics like cell phones and computers, have been cancelled. Additionally, the 15% tariffs imposed on September 1st on US$120 billion of consumer goods such as clothing have been halved.
Cancellation of Upcoming Tariffs

The Trump administration has cancelled the planned 15% tariffs that were set to be implemented on December 15th. These tariffs would have affected approximately US$160 billion worth of Chinese imports, a list that notably included consumer electronics such as cell phones and computers. This cancellation averts further cost increases for consumers on these specific items.
Reduction of September Tariffs

A significant concession made by the US involves the reduction of tariffs already in place. The 15% tariffs that were applied on September 1st to about US$120 billion of Chinese consumer goods, including items like clothing, will now be cut in half. This move represents a partial rollback of existing trade measures.
Tariffs Remaining in Place

Despite these cancellations and reductions, a substantial portion of existing tariffs will remain. The United States will continue to enforce the 25% duties on US$250 billion of Chinese imports. The specifics regarding whether China will reciprocate by rolling back its own existing tariffs on US imports were not explicitly detailed by Chinese officials.

Reading history

Hide →

This history is cleared when the page is closed.

Which US tariffs have been cancelled or reduced as part of the deal?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends