One notice would increase tariffs from 10% to 15% across approximately $263 billion worth of annual imports from China.
The notice is scheduled to be officially published on Aug. 30, and the 15% tariffs will be imposed in phases to take effect Sept. 1 and Dec. 15. These goods currently are not subject to tariffs.
Product groups on the Sept. 1 list include apparel, TVs and monitors, agricultural and livestock products, and metals, and the largest product groups on the Dec. 15 list include phones, laptops, toys/games and other apparel.
Analysts expect consumers to feel the impacts of these forthcoming tariffs.
Another notice would increase current 25% tariffs across approximately $250 billion worth of goods from China to 30% starting Oct. 1.
Trump tweeted the tariff increases on Aug. 23.
The USTR notices come after China’s State Council on Aug. 23 announced that it would increase tariffs on $75 billion worth of U.S. exports from 5% to 10%. That increase will be imposed in phases to take effect on Sept. 1 and Dec. 15.
“China’s most recent response of announcing a new tariff increase on U.S. goods has shown that the current [U.S. tariff] action being taken is no longer appropriate,” the USTR notice for the $263 billion tranche says. “The United States is engaging with China with the goal of obtaining the elimination of the acts, policies, and practices covered in the [Section 301] investigation.”