Trump Says Tariff Announcement Coming After Markets Close

A finalized list of coming Section 301 tariffs on China will be announced after the stock market closes, President Donald Trump told reporters at the White House on Sept. 17. "It will be a lot of money coming into the coffers of the United States of America," Trump said. "A lot of money coming in, but you’ll be seeing what we’re doing right after close of business today.". The Office of the U.S. Trade Representative proposed the third tranche of tariffs on about $200 billion worth of imports from China in July (see 1807100070).

Bloomberg reported that the initial tariff rate will be 10 percent in the next round of tariffs on Chinese goods. The final list will reportedly leave off HTS subheading 8517.62.00, which covers Bluetooth-enabled devices and was of particular concern to technology interests (see 1808010052).Trump also talked about NAFTA, and said the deal is in the process of being concluded.