The bulk of the items excluded from the 10% tariffs hike, which will go into effect from September 1, includes household furniture, internet modems, routers and baby items.
In a significant development, the Trump Administration has lifted import curbs on select Chinese-made items including household furniture, internet routers and modems, as well as baby items from its 10% tariff hike.
The U.S. Trade Representative’s office has released a complete list of the items that have been removed from the $300 billion in tariffs that will kick-in on September 1 and December 15; many of these items have already been hit with 25% tariffs.
The move is aimed at mitigating the impact of the U.S.-China trade war on the crucial Christmas shopping season in the U.S.
According to U.S. Census Bureau data, the new list of 44 categories of spared imports, worth around $7.8 billion, includes some chemical compounds that are used in the manufacture of plastics.
Incidentally, the bulk of the items that have been removed, from the tariff list, are furniture products, including wooden- and metal-framed chairs as well as those made of plastics. The $114 billion retail furniture industry has been among the sectors that are the hardest hit due to the new tariffs.
Earlier this week on Tuesday, the U.S. Labor Department stated, the price index for household furnishings rose by 0.4% in July, marking its third consecutive monthly jump.
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