Rubber, tyres and conveyor belts among goods affected by further tariff by the Trump administration

tiresThe Trump administration recently released a list of about 1,300 goods from China which they might impose a further 25% import duty on. The goods include tyres, conveyor belts and some types of rubber.

These tariffs are part of the U.S. response to a Section 301 investigation which concluded that China is coercing U.S. companies into transferring their technology and intellectual property to Chinese enterprises

According to the Office of the U.S. Trade Representative, the additional tariffs are designed to target products that benefit from China’s industrial plans, including its “Made in China 2025” initiative, while minimizing the impact on the U.S. economy. The proposed list currently covers about US$50 billion in Chinese goods.

However, it remains unclear when those duties may take effect.