US Miscellaneous Tariff Bill Act of 2018 does not roll back US-China tariffs

摘要

NEW YORK (ICIS)--The US Miscellaneous Tariff Bill Act of 2018 (MTB) does not void any of the 25% tariffs on a combined $50bn of Chinese imports, but simply reduces existing “normal” tariff rates on all the imports listed to zero or reduces them significantly for three years. Of the over 1,600 products listed in the MTB - which became law on 13 September - chemicals comprise over 50%, and this amount is around 60% including finished plastics products, according to the American Chemistry Council (ACC).