(Reuters) - U.S. President Donald Trump’s next round of tariffs on Chinese imports is scheduled to take effect starting on Sunday, escalating the trade war between the world’s two largest economies with a big hit to consumer goods.
Trump has targeted some $300 billion in annual goods imports from China for 15% tariffs in two parts, on Sept. 1 and Dec. 15. If fully imposed, virtually all Chinese imports - worth about $550 billion - would be subject to punitive U.S. tariffs imposed since July 2018.
Here is a look at U.S. tariffs and expected Chinese retaliation scheduled over the next several months.
SEPT. 1 TARIFFS
The U.S. Customs and Border Protection agency will begin collecting tariffs for Chinese goods at 12:01 a.m. EDT (0401 GMT) on Sunday. Guidance issued on Friday indicated that there will not be a grace period for cargoes that have left China before that time, unlike that granted for goods in transit when the United States imposed a tariff increase in May.
The Sept. 1 list covers about $125 billion worth of mostly consumer products, based on a Reuters analysis of 2018 U.S. Census Bureau data. The target list includes flat panel television sets, flash memory devices, power tools, cotton sweaters, bed linens, multifunction printers and many types of footwear.
The largest category of targeted products covers smart watches, smart speakers, Bluetooth headphones and other internet-connected devices that were spared from a prior round of tariffs, with Chinese imports estimated at $17.9 billion annually by the Consumer
