Press "Enter" to skip to content

US Delays Taxes On Some Chinese-Created Electronics Till December

The Trump management declared a tariff previously this month on an extra $300 billion of Chinese goods that was to go live from September 1, 2019, but the 10% tax will only start for almost 50% of the products. The tax on others—comprising laptops, mobile phones, game consoles, monitors, some LED lamps & toys—is set to be put into effect from December 15, 2019.

The Trade Representative Office of the United States claimed that it was regulating the schedule for some goods after its hearing process and public comment. The decision might offer retailers more time to import goods they require for holiday and back-to-school shopping seasons before the tax on those goods goes live.

Some US community groups and businesses have claimed that the trade war with China is injuring them—they might be obliged to charge users more for tax-impacted goods. China and the US have not made much development on a trade agreement since discussions stalled in May.

On a related note, earlier a group of senators launched a bipartisan rule that might restrict the Trump management’s capabilities of scaling back stress on the Chinese tech behemoth Huawei without any Congress act.

Led by Sens. Chris Van Hollen and Chris Van Hollen Tom Cotton, the Defending America’s 5G Future Act might ban the Trump management from single-handedly letting Huawei to perform business with the US firms. If accepted, it might also keep the Commerce Department from eliminating the Chinese firm from its “Entity List,” codifying a latest Trump management executive order. That list stops firms such as Huawei from buying US tech without approval from government.

The group of lawmakers inked onto the bill has long wanted to ban Chinese telecom firms such as ZTE and Huawei from the US market. Senators such as Marco Rubio assisted to lead efforts previous summer, and called the management’s latest decision to scale back on Huawei a “disastrous mistake.”

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *