Trump’s Import Tariff

The increased tariffs applied by the Trump administration on Chinese imports are being introduced in stages. List 1 tariffs came into effect on the 6th July 2018, affecting 818 different types of goods and product lines with an additional tax of 25%. List 2 tariffs came into effect on the 23rd August 2018, affecting 279 different import classifications, again at a 25% tax rate. List 3 tariffs came into effect on the 24rd September 2018, affecting 5,745 different import classifications with and additional tax of 10%. This additional tax will be raised to 25% at the beginning of 2019.

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