Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   

Agricultural News


USTR Releases Proposed Tariff List on Chinese Products with an Approximate Impact of $50 Billion

Tue, 03 Apr 2018 17:47:55 CDT

USTR Releases Proposed Tariff List on Chinese Products with an Approximate Impact of $50 Billion As part of the U.S. response to China’s unfair trade practices related to the forced transfer of U.S. technology and intellectual property, the Office of the U.S. Trade Representative (USTR) today published a proposed list of products imported from China that could be subject to additional tariffs.



Following USTR’s Section 301 investigation, President Trump announced in March that the United States will impose tariffs on approximately $50 billion worth of Chinese imports and take other actions in response to China’s policies that coerce American companies into transferring their technology and intellectual property to domestic Chinese enterprises. These policies bolster China’s stated intention of seizing economic leadership in advanced technology as set forth in its industrial plans, such as “Made in China 2025.”



The proposed list of products is based on extensive interagency economic analysis and would target products that benefit from China’s industrial plans while minimizing the impact on the U.S. economy. Sectors subject to the proposed tariffs include industries such as aerospace, information and communication technology, robotics, and machinery.



The proposed list covers approximately 1,300 separate tariff lines and will undergo further review in a public notice and comment process, including a hearing. After completion of this process, USTR will issue a final determination on the products subject to the additional duties.



The total value of imports subject to the tariff increase is commensurate with an economic analysis of the harm caused by China’s unreasonable technology transfer policies to the U.S. economy, as covered by USTR’s Section 301 investigation.



Today’s announcement comes just days after the USTR filed a request for consultations with China at the World Trade Organization (WTO) to address China’s discriminatory technology licensing requirements. Such consultations are the first step in the WTO dispute settlement process. If the United States and China are unable to reach a solution through consultations, the United States may request the establishment of a WTO dispute settlement panel to review the matter.



The list of products and intended tariff increases can be found here.



Source - USTR Office





   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • US Wheat Harvest Making Progress Week over Week, Still Trailing Normal at Just 57% Complete  Mon, 15 Jul 2019 19:23:45 CDT
  • Slaughter Cows Mostly Steady on Lighter Receipts and Slaughter Bulls Unevemly Steady at OKC West Livestock Auction   Mon, 15 Jul 2019 16:32:25 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Monday, July 15, 2019   Mon, 15 Jul 2019 15:57:37 CDT
  • National Council of Farmer Cooperatives Calls H-2A Visa Program Proposed Rule Making a Significant Improvement  Mon, 15 Jul 2019 15:26:09 CDT
  • More Than 202,300 Head of Cattle from 24 States Offered at Superior Livestock's Week In The Rockies Sale  Mon, 15 Jul 2019 15:19:55 CDT
  • Monday Market Wrap-Up with Justin Lewis  Mon, 15 Jul 2019 13:58:29 CDT
  • Monday Afternoon Market Wrap-Up with Carson Horn   Mon, 15 Jul 2019 13:55:24 CDT
  • USDA Offices Studying the Possibility of a Future Without the Ogallala Aquifer  Mon, 15 Jul 2019 11:53:26 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.