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If the new taxes come into force, the United States will have imposed tariffs on about half of the Chinese goods entering the United States, about $ 250 billion.
The Trump Administration wants to punish China for what He says these are unfair business practices, such as putting pressure on US companies for them to share technology in order to access the Chinese market. China has accused the United States of commercial harassment.
Many US companies claim that tariffs will hurt their business by increasing the cost of the materials they need to make a product in the United States. They must decide to pay the tariff on an imported product or find a new supplier outside of China.
In the past month, companies have asked the government to remove some items from the proposed tariff schedule. Some of the requests include:
- Whirlpool said parts bought in China to make dishwashers in Ohio are on the list.
- Apple said the materials used to make chargers and adapters, as well as its Apple Watch and wireless Air Pods would be affected.
- Fitbit said that a tariff on portable fitness trackers and smart watches would have an impact on most of its products made in China and sold in the United States.
- McCormick said the tariffs on shallots and dried garlic would increase the cost of his seasonings.
- Dell, Cisco, Juniper Networks, and Hewlett Packard Enterprise are concerned that rates may increase the costs of their network equipment, which could lead to job losses in the United States.
- According to the Society of American Florists, a 25% rate on flower containers could affect about half of a florist's profits.
- Jill Soltau, CEO of Jo-Ann Fabric and Craft Stores, said the proposed tariffs on fabrics, yarns and polar would punish her company and its customers, instead of harming China.
- Hydration bag manufacturer Camelbak said the cost of caps, lids and caps for its water bottles would increase.
But some US companies welcome rates on specific items, especially finished products, so they're more expensive than products made in the United States.
Whirlpool "welcomes" the decision to include finished appliances, such as refrigerators and freezers, in the tariff schedule, he said in a letter to the US sales representative. He also asked that the finished dishwashers be added to the list. In another example, the Starkist Seafood Company wrote a letter in favor of the proposed tariff for Chinese tuna.
But they can not ask for tariff exclusions that Beijing has put on US products. They have already been taxed on nearly 40% of US goods shipped to China and if another round of retaliation is added to $ 60 billion worth of goods, taxes will cover more than 80% of all US exports to China.
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