The administration has put more pressure on China prior to trade talks in Washington, D.C., Wednesday. Sunday President Trump tweeted that the tariffs on $200 billion worth of Chinese products would go up from 10% to 25% on Friday. He also stated $325 billion in additional Chinese goods would soon be subject to a 25% tariff.
Last week U.S. Treasury Secretary Steven Mnuchin tweeted that he and U.S. Trade Representative Robert Lighthizer had productive meetings with China’s Vice Premier Liu He. However, the president says the trade negotiations have progressed too slowly.
The administration was set to raise tariffs on $200 billion worth of Chinese products from 10% to 25% on January 1, 2019, but delayed the rate increase after a sideline meeting between the administration and Chinese President Xi Jinping at the G20 Summit in Buenos Aires in early December 2018.
Leaders agreed to begin negotiations on forced technology transfers, intellectual property protections, non-tariff barriers, cyber intrusions and cyber theft. The president cited forced technology transfers and a lack of intellectual property protections as reasons for the tariffs.
The administration gave a deadline of March 1, 2019 for a new trade deal to be negotiated; however, a tariff increase didn’t take place and a new deadline wasn’t given at the time. Trade talks have since continued between the two countries.
Auto glass and automotive-related materials on the list of products subject to the tariff include:
- Various float glass products;
- Glass mirrors;
- Glass frit; and
- Laminated safety glass.
To view the full list of products included in the tariff, click here.