$200 Billion of Tariffs Take Effect, as China Retaliates

Tariffs took effect on $200 billion worth of Chinese imports, including duties the tech industry fought unsuccessfully (see 1809120049). China retaliated later Monday with tariffs on $60 billion in imports from the U.S. President Donald Trump has threated to “immediately pursue” a fourth installment of tariffs on $267 billion worth of additional Chinese imports as a countermeasure. Micron and Voxx (see 1809210002) are among those accepting tariffs as a fact of life and increasingly turning their sights toward mitigation strategies. “Product-specific” exclusion requests are another option, emailed David Cohen, customs law expert with Sandler Travis. The Office of the U.S. Trade Representative had sought exclusions on the first two rounds of tariffs that took effect July 6 and Aug. 23. “No decisions have been made on the thousands of requests,” Cohen said.