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Recently, BSCAI formally submitted a letter to the U.S. Trade Representative (USTR) requesting they remove products utilized by building service contractors from “List 4” of the Section 301 Chinese tariffs. These tariffs were announced by the Trump Administration on May 13 and would apply additional duties of 25 percent on 3,805 Chinese products worth $300 billion.
On June 30, President Donald Trump announced he was suspending List 4 tariffs after the United States and China agreed to restart trade negotiations at the G20 conference in Japan.
The President also stated that the existing 25 percent tariffs on $250 billion worth of Chinese goods (Lists 1-3) will remain in effect while negotiations continue.
BSCAI urged the Administration to remove a series of products used by the industry, as a 25 percent tariff would result in adverse consequences for the industry and others. For a copy of the letter or for questions, contact Kevin McKenney at kmckenney@bscai.org.
To read more, visit www.bscai.org/contractor-connections-hub/government-affairs.