The United States no longer imposes new tariffs on Chinese-made furniture
Following the announcement on August 13 that a new round of tariffs against China would be postponed, the US Trade Representative Office (USTR) made a second round of adjustment to the tariff list on the morning of August 17: Chinese furniture was removed from the list and will not be affected by the current 10% tariff.
On August 17, the tax increase list was adjusted by USTR to remove wooden furniture, plastic furniture, metal frame chairs, routers, modems, baby carriages, cradles, cribs and other commodities.
But furniture-related components (such as handles, metal substrates, etc.) are still on the list, and not all baby products are exempted: children’s high chairs and baby food exported from China to the United States will still face the September 1 tariff threat.
In the field of furniture, according to the data of Xinhua News Agency in June 2018, China’s furniture production capacity has accounted for more than 25% of the global market, ranking first in the world in furniture production, consumption and export. After the United States included furniture in the tariff list, Wal-Mart, Macy’s Department Store and other U.S. retail giants have admitted that they will increase the price of furniture they sell.
According to data released by the U.S. Department of Labor on August 13, the National Furniture Price Index (URI) rose 3.9% in July from a year earlier, the third consecutive month. Among them, the price index of baby furniture soared 11.6% year on year.