Delay New Tariffs, CTA, ITI, IA, TechNet, Others Ask Trump
Despite President Donald Trump’s remarks earlier this month that he delayed the List 4B tariffs on Chinese goods to Dec. 15 so that they wouldn’t hurt consumers (see 1908130004), “a large portion of holiday merchandise will still be hit by…
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Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
September and October tariff increases at an even higher rate than was initially anticipated,” the Americans for Free Trade Coalition wrote the president Wednesday. The coalition urged Trump to delay putting the 15 percent List 4A tariffs into effect Sunday and avoid hiking the previous three rounds of tariffs by 5 percentage points on Oct. 1. “With some products facing tariffs as high as 30 percent, many businesses will have no choice but to pass along those costs to consumers,” said the multi-industry coalition of dozens of trade groups. They include BSA|The Software Alliance, the Computer & Communications Industry Association, CTA, Information Technology Industry Council, Internet Association, Software & Information Industry Association and TechNet. “Because these tariffs were announced with little warning, it is impossible for U.S. importers to share the burden with supply chain partners in China or shift their production to other countries. The full adverse impact of these tariff increases will be felt entirely in the United States and could represent one of the largest tax increases in American history.”