You are here: Home » International » News » Politics
Business Standard

US spares Chinese furniture, modems from next round of 10% tariffs

Modems and routers made in China were part of a $200 billion list of products hit with tariffs

Topics
US-China trade war | tariffs

Reuters 

tariffs
Photo: Shutterstock

The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10 per cent tariffs, it said on Friday.

The US Trade Representative’s office released a complete list of the items that were removed from $300 billion in scheduled to go into effect on Sept. 1 and Dec. 15, some of which had already been hit with 25 per cent .

Trump on Tuesday delayed more than half of the proposed until December, saying it would help shield businesses and consumers from the fallout during the Christmas selling season.

The new list of 44 categories of spared imports, worth about $7.8 billion according to US Census Bureau data, also includes some chemical compounds used in the manufacture of plastics. Reuters previously reported that bibles and religious texts would be spared from the tariff list.

ALSO READ: Trump says China talks 'productive' but Beijing vows tariff retaliation

Modems and routers made in China were part of a $200 billion list of products hit with tariffs last September that have since been raised to 25 per cent. Friday’s exclusion would avoid a further 10 per cent hike as Trump imposes tariffs on Sept. 1 to products in the same broad customs category, including smart watches, smart speakers and Bluetooth headphones.

The bulk of the items removed from the tariff list were furniture products, including wooden- and metal-framed chairs and those made of plastics. Some of these were previously hit with tariffs as part of broader furniture categories. Baby-related furniture items also were spared, including toddler beds, bassinets, cradles, strollers and children’s seats.

The $114 billion retail furniture industry has been among the sector’s hardest hit with price increases due to Trump’s tariffs, which rose to 25 per cent in May.

The US Labor Department said on Tuesday that the price index for household furnishings rose 0.4 per cent in July, marking its third consecutive monthly increase and contributing to broad-based growth in consumer prices during July.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, August 17 2019. 21:23 IST
RECOMMENDED FOR YOU
.