china tarriffs on lcd monitors pricelist

Otherwise, without such Approval, even if the goods have arrived at the China Customs, they will not be cleared normally, and the goods will be detained in the port till get such approval, or even be returned, causing you huge losses.

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Washington, DC -The United States Trade Representative (USTR) today announced the next steps in the process of imposing an additional tariff of 10 percent on approximately $300 billion of Chinese imports.

On May 17, 2019, USTR published a list of products imported from China that would be potentially subject to an additional 10 percent tariff.  This new tariff will go into effect on September 1 as announced by President Trump on August 1.

Certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent.

Further, as part of USTR’s public comment and hearing process, it was determined that the tariff should be delayed to December 15 for certain articles.  Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.

Approximately 90 percent of all LCD modules are manufactured in mainland China. The remaining 10 percent are manufactured primarily between Japan and Taiwan, and some in Korea. China’s clear stronghold in manufacturing, coupled with its large volume of imports to the U.S., mean these tariffs will definitely impact the industry.

The US government said the tariffs where created in response to China’s Unfair Trade Practices. Specifically, the Section 301 investigation by the USTR revealed:

China uses joint venture requirements, foreign investment restrictions, and administrative review and licensing processes to require or pressure technology transfer from U.S. companies.

China directs and unfairly facilitates the systematic investment in, and acquisition of, U.S. companies and assets to generate large-scale technology transfer.

China conducts and supports cyber intrusions into U.S. commercial computer networks to gain unauthorized access to commercially valuable business information.

Unfortunately, while the USTR works to rectify inequities in these unfair practices, many American manufacturers will have to pay higher prices for their components. That works its way up the supply chain and can ultimately lead to higher prices for American consumers.

The USITC (Office of Tariff Affairs and Trade Agreements) is responsible for publishing the Harmonized Tariff Schedule of the United States Annotated (HTSA). The HTSA provides the applicable tariff rates and statistical categories for all merchandise imported into the United States; it is based on the international Harmonized System, the global system of nomenclature that is used to describe most world trade in goods. Although the USITC publishes and maintains the HTSA in its various forms, Customs and Border Protection is the only agency that can provide legally binding advice or rulings on classification of imports.

Many people are asking about using alternate HTC codes with lower burden implications. Unfortunately, these codes are abundant and complicated. There should be exactly one code that properly categorizes your product.

When a display is designed and built for a single application, it may be more appropriate to use a harmonized tariff code for the end-product instead of the display component. An LCD in a cellphone is a good example of this.

A popular way to do this is to reevaluate your current HTC codes and make sure they’re correct. This can be done with in-house council or the use of a consultant specializing in this area of the government. Ultimately, however, you need get a ruling from the government to be certain you are using the correct code.

Some companies are searching for key suppliers outside of the China region and working towards qualifications of those factories. Others are exploring having key components of the purchased assembly outsourced outside of China so it still satisfies the correct definition of Country of Origin. Again, violating these definitions can lead to costly fines and penalties.

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It’s hardly breaking news that we’re knee-deep in a trade war with China. How is this going to affect pricing on the computers, hardware, and tech equipment you’re buying this year and next? There’s a lot of speculation, but here’s what we think you should know about the situation as it develops.

Starting in July, the Trump administration ordered the US Trade Representative (USTR) to impose a tariff on $200 billion worth of imports from China. The latest round of tariffs took effect Sept. 24, 2018. USTR keeps a 200-page list of items updated which outlines materials and products subject to the tariff.

The bulk of the items listed by USTR are food items and raw materials. Most do not pertain to the finished systems and computer parts and hardware sold here at NeweggBusiness, save a few important ones that analysts expect to impact what we carry. Namely:

We do anticipate that several major OEMs will feel the effects of the tariff.  They import a good amount of these types of electronic parts and components from China for assembly in North America. This will affect OEM production costs, which will subsequently affect market pricing. By levying a smaller tariff ahead of a more substantial one, the federal government incentivizes supply chain adjustments.

Since we don’t have visibility into every manufacturer’s supply chain, it’s difficult to know exactly. It’s safe to assume that OEMs will pass cost increase down to consumers. Several manufacturers have broadly warned our product teams preemptively. We have seen cost increases for enterprise storage and optical disk drives categories after USTR scheduled them in July.

Keep in mind that Chinese companies manufacture many—but not all—of the small components that wind up in finished systems. Parts also come from elsewhere in Asia: Taiwan, Singapore, Malaysia, Thailand, Japan, and South Korea. Because of that, we don’t expect to see pricing climb for every product across entire categories.However, do not be surprised if manufacturers raise prices on some SKUs as a result.

There are some knowable indicators as to which manufacturers use Chinese parts in assembling their electronics. For example, a recent study by the U.S.-China Economic and Security Review Commission shows that hardware made by Cisco, Dell, HP, IBM, Intel, Microsoft and Unisys sources components from China for more than half of its equipment.

Yes. OEMs work on slim margins and cannot afford to shoulder a 10-25 percent hit on a substantial part of their production costs. So it shouldn’t be surprise that a recent news published in CRN magazine states that Cisco Systems will raise pricing on nearly 3,000 of its SKUs between 6-10 percent due to US tariffs.

Do keep in mind that manufacturers and suppliers build list pricing so that end users do not feel the constant fluctuation endured in the supply chain. This is why the consumer market need not worry about global commodity prices for the raw materials from which switches and servers are fashioned. That said, end users can expect some insulation from the tariffs in that regard.

Additionally, it’s reasonable to assume manufacturers will likely end up changing list prices across the board rather than working in tariff pricing on some units and not others. It diffuses the impact of the action to a degree for the OEMs. Also, it simplifies the bookkeeping up and down the supply chain.

If you assume that about half of what ends up in finished products you use for IT comes from China, a 10-25 percent cost increase is substantial to the point that consumers will feel it. It’s not an emergency situation, so we’ll spare you the alarmist “buy now!” narratives. A word to the wise, though—wrapping up your year-end purchases before we get too deep into Q4 will probably save you a few bucks. Keep calm, carry on, and continue to work with your account executives for sourcing the products you need to get IT done.

It’s hardly breaking news that we’re knee-deep in a trade war with China. How is this going to affect pricing on the computers, hardware, and tech equipment you’re buying this year and next? There’s a lot of speculation, but here’s what we think you should know about the situation as it develops.

One month is short notice. It was already too late for ocean freight going to East Coast ports. Almost no time either for West Coast bound shipments, except for near ready orders, and possibly rush jobs (although it’s not common practice for suppliers to have reserve stock on hand).

Before making orders, importers needed to first work out how much extra they will pay for a shipment arriving after the tariff change and weigh that against a surge in demand hiking freight prices. Switching to more expensive air cargo, especially at the last minute generally isn’t financially feasible, either. Price hikes aren’t relevant for shipments that would have gone by air anyway, because of lower capacity utilization on this mode.

Products imported by smaller retailers are the most risky politically because they hit the importers, consumers and inflation hardest. Consequently they were the last to be taxed, and it wasn’t surprising when, on August 13, the tax on the majority of these was deferred until after retailers had stocked up for holiday sales.

On May 10th, tariffs on $200 billion worth of Chinese imports increased to 25%. These may be soon joined by additional tariffs on the remaining $300 billion of goods. When combined with the tariffs applied over the past year, importers are paying a hefty price. However, it’s not just the increased duties they’re paying. The past year has also seen transpacific freight prices, air and ocean, hit hard, with some interesting, expensive dynamics emerging.

His efforts range from renegotiating the NAFTA agreement (“the worst trade deal in the history of the world”) to an expansive series of tariffs – and not just on Chinese imports. Here’s a quick overview of the China tariffs that have gone into effect since first announced just over a year ago:

To date, the deficit has only widened. That will likely not change. A recent HBR article was confident that using tariffs to fix trade deficits defies two centuries of economic theory – namely, tariffs may not reduce deficits, and reducing trade deficits may not help the economy.

Despite multiple rounds of negotiations, it’s unclear where the trade war will end. Geopolitically, this goes beyond “only” China-US relations. Trump’s standing in political opinion polls, America’s standing in the international community, and the global economy are at stake as well.

This is exacerbated by unpredictable executive decisions, leaving importers to make tough decisions in a chaotic environment with big sudden shifts. And every round of tariffs brings retaliation creating equal uncertainty for US exporters. The recent turn of events seems to be a watershed. Anyone involved in international trade must wonder what is now at stake.

Based on Freightos research, much depends on how much warning is given about a tariff increase. Short notice tariff changes wreaked havoc, while longer notice periods tariffs saw transpacific freight prices first rise spectacularly and later come crashing down.

….of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!

With just five days between tweet and implementation, mayhem ensued. Customs summarily rejected shipments with an arrival date of May 10 or later while they scrambled to update their website and systems.

Some ocean shippers looked to ship by air to beat the tariff increase, and some air shippers investigated bringing their shipments forward. That pushed air cargo searches on WebCargo by Freightos up 35% for the week.

In most instances, trying to arrange last-minute air freight would not have been financially feasible. As an example, the general air cargo rate for a PVG-LAX $5,000 value shipment weighing 500 kg would have been around $1,650. The 10% tariff added $500 and the additional tariff another $750 in duties. The additional cost for shipping at inflated express prices, however, would have been about $2,475. On the other hand for shipments of high value and low weight, air cargo can work.

The list for the July 2018 tariff hike was finalized just three weeks before coming into effect. Risk-averse importers whose products have not yet come under any of the punitive tariffs might wonder if they will get short notice too. And with many of the remaining potential affected products being high-value, products like laptops and cell phones, it won’t just be the risk-averse considering advance shipping. All importers are now living with uncertainty and many are preparing by increasing inventory State-side.

Take the notice that the 10% tariff would increase to 25% on January 1, 2019, providing time, according to the Administration, for importers to shift supply chains. This gave importers time to front-load shipments, placing as many advance orders as their warehouses and working capital could handle.

Importers covered by the first two tariffs had already started advance shipping. Alone, this shift would have been sufficient to increase ocean prices. Unfortunately for importers, ocean carriers had learned their lesson from 2017 and were better managing the supply of ocean liner capacity. Prices rose fast, bringing peak season in early and making it stronger and more durable than previous years.

China to US West Coast prices (FBX01) nearly doubled between June 29 ($1,255/FEU) and September 7 ($2,376/FEU), with a massive 53% week on week increase occurring at one point during that period (July 6).

However, when, in February, the increase to the 10% tariff was deferred, advance shipping dried up. China-West Coast prices dropped more than 5% each week for five straight weeks, a feat not even matched by the year-long collapse of prices in 2017.

Many larger importers were already moving some of their production away from China due to costs associated with rising wage levels and new environmental regulations. Fewer smaller operators followed suit, being more dependent upon China’s reliability and relative ease of business. However, the recent tariff includes many products imported by smaller ecommerce businesses. At Freightos, we’re hearing from more and more users that the extra tariff cost is making it uneconomical to source from China.

“The transition of production outside China to South East Asia based countries like Vietnam has spiked significantly since these new trade tariffs were implemented. We’ve seen a substantial rise in manufacturing demand outside of China, with many Chinese factory owners also opening new facilities in other countries.”

Importers wishing to evade the tariffs have several other options beyond paying the higher tariffs or re-sourcing, but, as the JOC reports, each has its shortcomings. They can simply hope that the tariff war will go away sometime soon and hold back on purchase orders for now. Tariff engineering options like reclassifying products, shifting aspects of production to another country or making re-export drawback requests, and applying for a Section 301 exclusion are all potential, but fairly inaccessible, options.

The longer the tariffs stay on, the broader the potential damage. For instance, IHS Markit estimates US and China’s tariffs will cut global growth by 0.2 to 0.3 percentage points, but that cut would be doubled if untaxed US imports get a 25% tax. Clearly, there is a lot at stake.

One profoundly damaging aspect is long term supply chain planning. Changing suppliers takes months, building new factories takes years. Yes, supply chains are becoming more dynamic by necessity, and Freightos is playing a role by providing dynamic access to shipping options. But so far the tariff changes have outpaced the ability of importers and exporters to change their supply chains. As for what happens next, for anyone involved in international trade, the omens aren’t looking good.

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Two days after Independence Day 2018, President Donald Trump’s aggressive new tariffs went into effect, imposing anextra 25% taxon imported Chinese goods. This affected over $50 billion worth of “industrially significant technologies” used by U.S. electronics manufacturers and their buyers.

Many industry groups held their tongues in hopes that the president would successfully force Beijing to play fairer with intellectual property rights and more. Until early May 2019, that seemed likely, as Trump repeatedly claimed a historic trade deal with China was imminent.

So, why are electronics makers suddenly looking at the possibility of tariffs on virtually everything? And where will the tariffs on electronics from China end up as we approach 2020?

In mid-June, 7 days of hearings were held before the Office of the U.S. Trade Representative on the president"s proposal to expand tariffs to an additional $300 billion in imports from China. These are pretty much the only imports from China -- from any industry -- that remain tariff-free.

The USTR has gotten more than 1,000s of written comments on the plan, almost all of them condemning the tariff proposal. They say the additional measures would:

Trump"s recent threats toimpose tariffs on Mexican imports in a dispute over border security, coupled with fading prospects for a compromise in the China trade war, has resulted in increasingly loud opposition.

On September 1, 2019 tariffs were instituted on roughly $110 billion in Chinese imports. This change hit a variety of markets, including apparel, footwear, home textiles, and some technology products -- including the Apple Watch.

Tariffs of 25% imposed previously on $250 billion worth of Chinese goods are set to rise to 30%. That was initially going to happen Oct. 1, but in September the president announced a delay to Oct. 15.

So, what does this mean? All suppliers should be expected to pass through current and any new tariffs. In 2018 this meant raising costs of all components listed in the Section 301 tariff act, including:

Since many suppliers produce components in multiple countries, you may not know until shipping whether the “country of origin” for your components will be China. This means that when placing orders, ECM buyersdo not always know whether they’ll be subject to additional taxation.

Additionally, there are current talks of additional 15% tariffs being placed on about $160 billion in Chinese goods, mostly electronics including laptops and cellphones, in December of 2019.

The only way around the tariff is to ensure that goods were not reshipped into the U.S. from China via a third-party country. Most electronics contract manufacturers have provided OEMs with a surcharge, with the position that the tariffs were likely temporary. Others, however, have been charging at cost. Now, who knows how they"ll adjust charges?

A number of industry associations -- like the International Distribution of Electronics Association -- and individual businesses -- like Matric Group -- have made efforts to have component-level parts removed from the list. Still, the best thing to do in the meantime is to stay informed and know what to expect.

These are all consumer electronics tariffs. There have been rare exceptions made for general electronics, and we"ll wait to hear more about tariffs at the component level. The tariff increase"s scope has yet to be finalized, if angry U.S. CEOs have anything to say about it.

A 25% tariff on electronic components doesn"t mean a direct 25% increase in the final cost ofyour product.Some estimatesput the price hike in the 3% range for a typical low-to-mid-volume production, but that could increase if tariffs begin affecting active components like integrated circuits.

Even with the lack of consumer electronics on the currently enforced tariffs list (for now), higher prices in the supply chain have led in some cases to higher prices of finished goods for consumers.

Worried about the impact of tariffs on U.S. manufacturers? You may want help with component life cycle management? An electronics manufacturer that offers full aftermarket services can take that headache off your hands:

The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street.

The Office of the U.S. Trade Representative said Tuesday that it is still planning to go ahead with 10% tariffs on about $300 billion in Chinese imports, extending the import taxes on just about everything China ships to the United States in a dispute over Beijing’s aggressive trade policies. Most of the levies are scheduled to kick in Sept. 1.

But the agency says it would delay the tariffs to Dec. 15 on some goods, including cellphones, laptop computers, video game consoles, some toys, computer monitors, shoes and clothing. And it’s removing other items from the list based “on health, safety, national security and other factors.”

The news sent the Dow Jones Industrial Average up more than 460 points in midmorning trading. Shares of Apple, Mattel and shoe brand Steve Madden shot up on the news.

Separately, China’s Ministry of Commerce reported that top Chinese negotiators spoke by phone with their U.S. counterparts, Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, and plan to talk again in two weeks.

Together, the developments revived optimism that the world’s two biggest economies can make progress toward resolving a trade dispute that has rattled financial markets for more than a year and clouded prospects for the global economy.

The U.S. and China are fighting over American allegations that Beijing steals trade secrets and forces foreign companies to hand over technology. The tactics are part of China’s drive to become a world leader in advanced technologies such as artificial intelligence and electric cars.

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WASHINGTON — President Trump on Tuesday unexpectedly put off new tariffs on many Chinese goods, including cellphones, laptop computers and toys, until after the start of the Christmas shopping season, acknowledging the effect that his protracted trade war with Beijing could have on Americans.

Mr. Trump pushed a 10 percent tariff on some imports to Dec. 15, and excluded others from it entirely, while facing mounting pressure from businesses and consumer groups over the harm they say the trade conflict is doing.

The stock market soared after the announcement, following weeks of volatility driven by fears that the standoff between the world’s two largest economies could hamper global economic growth.

The decision was the latest twist in a dispute during which China and the United States have alternately escalated tensions with tit-for-tat tariffs and softened their positions as they sought a deal.

Mr. Trump continued to insist on Tuesday that the trade war was hurting only China. But he also admitted that there was potential for the new tariffs to inflict economic pain closer to home.

“Just in case they might have an impact on people,” the president told reporters, “what we’ve done is we’ve delayed it so that they won’t be relevant for the Christmas shopping season.”

Mr. Trump, frustrated that negotiations had failed to yield an agreement, said on Aug. 1 that the United States would impose the 10 percent tariff on $300 billion worth of Chinese imports on Sept. 1. That would be in addition to a 25 percent tariff already imposed on $250 billion of Chinese goods.

But on Tuesday, the United States trade representative’s office said that while a substantial amount of Chinese imports would be subject to the Sept. 1 levy as planned, various consumer electronics, shoes and other items would be spared until mid-December.

The office also said it was dropping 25 types of products from the tariff list altogether “based on health, safety, national security and other factors.” The items include car seats, shipping containers, cranes, certain fish, and Bibles and other religious literature, a spokesman said.

Stocks rallied immediately on the news, with the S&P 500 climbing nearly 2 percent in morning trading before ending the day up 1.5 percent. The benchmark index was lifted partly by shares in retailers and computer chip producers that have been especially sensitive to the trade tensions.

The discovery of a Chinese surveillance balloon floating over the United States has added to the rising tensions between the two superpowers.Tensions Rise:In the aftermath of the U.S. downing of a Chinese spy balloon on Feb. 4 and three unidentified flying objects a week later, the nations have traded accusations over their spying programs.

China’s Reaction:Beijing has tried to play down the balloon incident, but that is getting harder to do as alarm and accusations mount. At home, China has sought to cast the controversy as a symptom of U.S. decline.

Dismay in Asia:The balloon saga has brought a wave of disappointment and fear to Asia, a region whose security and prosperity are especially vulnerable to flare-ups between the two superpowers.

Best Buy, which gets many of the products it sells from China, was among the best-performing stocks in the S&P 500, rising more than 6.5 percent. Apple, whose iPhones and computers would have been subject to the tariffs, climbed more than 4 percent. The technology-heavy Nasdaq composite index ended the day up more than 2 percent.

The tariff announcement followed what Mr. Trump described as a “very productive” call involving Liu He, China’s vice premier and its lead trade negotiator; Robert Lighthizer, the United States trade representative; and Steven Mnuchin, the Treasury secretary.

The three agreed to speak again in two weeks, China’s state-run Xinhua News Agency reported. Negotiators had planned to meet again early next month in Washington.

Now, about $112 billion of Chinese goods will be hit with the 10 percent levy on Sept. 1, according to Chad Bown, a senior fellow at the Peterson Institute for International Economics. Another $160 billion in goods will be subject to the tariff as of Dec 15, he estimated.

Mr. Trump has been pressing Beijing since last year for an agreement that would, among other things, strengthen protections for American intellectual property, open Chinese markets to American business and result in China’s buying large quantities of American energy and agricultural goods.

How Times reporters cover politics. We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.

As his re-election campaign gears up, Mr. Trump is increasingly focused on ending the conflict in order to maintain his support among farmers, who have lost some of their main export opportunities as China ordered state-owned companies to stop buying American soybeans. But he has also expressed an unwillingness to accept a deal with China that falls short of his goals.

The president has tried to persuade China to buy large amounts of American farm goods before an agreement is reached, but that hasn’t happened. He continued to berate China on Tuesday for not making such purchases and suggested that the tariffs might force it to do so.

“As usual, China said they were going to be buying ‘big’ from our great American Farmers,” he wrote on Twitter. “So far they have not done what they said. Maybe this will be different!”

Chinese officials and state media outlets have responded to Mr. Trump’s prodding by taking an increasingly strident tone and threatening to punish American firms.

China has also allowed the value of its currency to fluctuate in recent weeks, raising the specter that it would use it as a weapon. That prompted the White House to label China a currency manipulator, the first time the United States had done that since 1994.

The tariff delay could create an opening for Chinese officials to soften their statements. There is also the question of whether the Trump administration will allow American companies to continue supplying certain goods to the Chinese telecommunications giant Huawei despite a ban on such trade because of national security concerns.

A so-called temporary general license that allows American companies to supply Huawei despite the ban is set to expire on Monday, but the Trump administration could renew it.

Trade groups said they welcomed the reprieve on tariffs for the holiday season, but added that the changes would not reduce the uncertainty they faced.

“The hope is that this creates an opportunity for the two sides to get back to the table, resume the broad-based trade talks and look at some confidence-building measures that would boost the prospects of a big deal down the road,” said Myron Brilliant, the executive vice president of the U.S. Chamber of Commerce.

Matt Priest, the president of the Footwear Distributors and Retailers of America, said the delay was also an acknowledgment by the Trump administration that Americans were bearing the cost of the trade war.

“It is no coincidence that the administration is allowing certain shoes to come in without raising taxes in hopes that prices do not rise at retail during the holidays,” Mr. Priest said. “While we are pleased with the decision to delay new tariffs on certain shoes, we are not satisfied.”

Among corporate leaders, Timothy D. Cook, Apple’s chief executive, has been particularly active in lobbying the president and Mr. Lighthizer against the tariffs. Apple, which builds most of its products in China, has been hit by the tariffs on some smaller products like the Mac Mini, computer parts and cables. But the latest round of proposed levies significantly raised the stakes for the company.

So far, Apple has not raised prices because of the initial tariffs. And the company would probably try to absorb a 10 percent levy on iPhones at first, too, Daniel Ives, a technology analyst for Wedbush Securities, said in a research note Tuesday.

But if the tariffs continue into next year, he said, “Apple will have no choice but to pass this incremental $75 to $100 per smartphone to U.S. consumers.”

Mr. Trump’s tariffs have been front and center for corporate executives and investors since the trade war flared anew in May, and the topic had often been cited on earnings calls between company leaders and shareholders.

With the most onerous levies — those set for Sept. 1 — not yet in place, retail executives have mostly played down their impact on profits, at least publicly. The biggest retailers, including Best Buy, Macy’s, Target and Walmart, are scheduled to report earnings for the most recent quarter starting this week.

More than 1,000 of the 6,000 items on the list are chemicals, according to an analysis by Panjiva. Nearly 1,000 more are food products, including vegetables like cabbage, kale, carrots and beets and hundreds of types of fish. Many of those fish, such as Alaskan pollock, are caught elsewhere and processed in China.

In dollar terms, the items most likely to rattle American consumers are computers and couches. The Panjiva analysis shows that $50 billion worth of goods subject to tariffs are electronics, including $17.4 billion in PC components and $5.2 billion in desktop computers. Nearly $30 billion worth of the products are furniture. In addition, the administration will soon begin imposing 25 percent tariffs on more than $3 billion worth of semiconductors, potentially driving up computer prices even more.

Buying a new PC or sofa is a major purchase for most Americans, and a 10 percent tariff could force many consumers to seek out cheaper brands or delay the purchase. It seems unlikely that stores will absorb the import taxes by accepting lower profit margins. But American consumers might not have much choice but to pay them: For nearly $100 billion of the products targeted, Panjiva estimates, China supplies more than half of the imports that Americans buy.

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Asus has promised the prices of some of its graphics cards will decline by up to 25 per cent starting next month. The company is cutting prices on Nvidia"s GeForce RTX 30-series graphic cards from April 1, including the RTX 3050, 3060, 3070, and high-end 3080 and RTX 3090 cards.

"As a result of the latest tariff lift on Chinese imports from the Office of the United States Trade Representative, gamers and PC enthusiasts will see lower prices on starting on April 1st, 2022. Asus is among the first to pass these savings on to its consumers," Asus said in a statement on Monday.

The US trade rep last week decided to end Trump-era tariffs on hundreds of imports. The list includes GPUs, which the agency described [PDF] as a "printed circuit assemblies for rendering images onto computer screens (graphics processing modules)."

Specifically, the USTR has reinstated tariff exclusions on 352 of 549 eligible imports, which includes graphics processor cards, effectively removing the duties until December 2022. This temporary reinstatement can be extended again.

From what we can tell, prices of at least some graphics cards went up in the United States due to 25 percent tariffs put in place by the Trump administration, with the cost passed onto buyers. These cards are assembled in China from parts sourced from around the world, and imported into the US from the Middle Kingdom, hence the levy slapped on them. The global shortage in chips also forced up prices as demand outstripped supply in the pandemic.

Now, with these import duties removed, some prices are going back down to where they were somewhat. This doesn"t guarantee you a card; there still needs to be enough supply to meet customer orders. And it doesn"t guarantee all manufacturers will follow suit – some may hang onto higher prices due to the demand for the equipment.

China has many chip testing and assembly operations, and was thriving in exporting components before tariffs slowed down shipments of GPUs and other electronics.

US imports for a category of components including graphics cards made in China totaled $1.57 billion in 2021, a drop from $3 billion in 2020, according to information extracted by The Register from the US International Trade Commission website.

American imports of that category from China peaked in 2018 at $4.4 billion. After tariffs were imposed by the Trump administration that year, imports from China on that product category dropped to $1.38 billion in 2019. By comparison, imports of GPUs and related products from Taiwan, which wasn"t subject to tariffs, totaled $5.7 billion in 2021.

The tariff on products likes CPUs from China remains at 35 per cent according to information on the US Customs and Border Protection website. Trump initially imposed a 25 per cent tariff.

With tariffs lifted, graphics board makers could resume imports from China. Public import records show ASRock America, a subsidiary of Asus, importing VGA cards to the US from China-based Amertek Computer Shenzhen in July 2020. ®

The 25% tariff that the United States imposed on July 16 on $34 billion of imports from China (with $16 billion more to come, likely in August) touches nearly every corner of American consumers’ lives. Why? Because it’s effectively a tax that represents a cost to U.S. producers, wholesalers and retailers. Sooner or later, it gets passed on to consumers in the form of higher sticker prices for everything from an X-ray to a new car. The only real question is how quickly it happens.

Companies that import their products have limited choices: absorb the extra cost of the tariff, increase selling prices immediately, shift production to other countries or do some combination of the three.

Initially, expect a relatively limited impact on consumers because companies will hold the line on prices while they monitor what action competitors take. Plus, the Trump administration excluded some higher-volume goods when it was drawing up lists of Chinese products to target with tariffs. For example, it left off some high-profile consumer goods such as flat-screen TVs, so they shouldn’t go up in price.

Don’t expect the pain of higher prices to be over quickly. There’s another round of tariffs — 10% this time — coming on thousands more imported items from China. They won’t take effect for another two months. But when they do, they’ll affect a huge range of goods that consumers and retailers buy and use on a near-daily basis, from automobile tires, spark plugs and windshield wipers to handbags, batteries and furniture. So brace for successive rounds of price rises on a steadily growing range of imported goods, for much of the rest of the year.