USTR implements tariffs on fiber
The Office of the United States Trade Representative (USTR) will begin collecting a 25% tariff on over 800 products imported from China identified by the interagency Section 301 Committee as benefiting from Chinese industrial policies. Customs and Border Protection will begin to collect the additional duties on July 6, 2018.
According to President Trump, “Tariffs will remain in effect until China addresses acts, policies, and practices that are unreasonable or discriminatory and that burden or restrict U.S. commerce.”
Who does it impact?
Industrial sectors including aerospace, information and communications technology, robotics, industrial machinery, new materials, and automobiles will be impacted. Our industry will be impacted under heading/subheading 8544.70.00 including Optical Fiber Cables.
Although much of our fiber cable is manufactured in the U.S., our cable will be impacted due to the termination labor occurring in China. Beginning Friday, June 29 Total Cable Solutions will adjust our prices on fiber products to account for the additional cost incurred by the tariffs. We will honor current pricing in for orders placed through Thursday, June 28.
As trading agreements between U.S. and China are revised, we will watch closely and adjust our pricing to continue providing networking solutions at an exceptional value.
What can I do?
Tariffs will have an impact on pricing in our industry. Unfortunately, Total Cable Solutions, and companies like us, will not be able to avoid the additional costs. In short, order quickly to avoid the tariffs effective in the coming days. To learn more about the changes coming to our industry contact us at:
Under Section 301 of the Trade Act of 1974, USTR initiated an investigation to determine whether China’s acts, policies, and practices related to technology transfer, intellectual property, and innovation are unreasonable or discriminatory, and burden or restrict U.S. commerce.
Based in part on evidence uncovered in the Section 301 investigation, the President directed the Department of Treasury to address concerns about Chinese investments in certain technology-intensive sectors.
“The goal,” described by President Trump, “is to mitigate Chinese mercantilist practices, change China’s behavior, and create a level playing field that will give all Americans a better chance to succeed.”
You can learn more about the USTR’s decision to implement tariffs at ustr.gov.