The week of June 17th in the US was a hearing where stakeholders have the opportunity to testify before the office of the US Trade Representative and make comments for or against the proposed 25% additional tariff on a fourth tranche of Section 301 products which constitute nearly the entirety of remaining goods from China that haven’t been hit with increased tariffs yet.
Many companies used the opportunity to state publicly, either in-person or in writing, why they felt the additional tariffs would negatively impact their business, including tech companies like Apple, Roku, Best Buy and the Consumer Technology Association.
Also, during the week of June 24th, specifically June 28-29, the G20 Summit will kick of in Tokyo. At the Summit, US President Trump is expected to meet with China President Xi Jinping to discuss resolution to the trade dispute in advance of implementing the upcoming tariffs.
Following this comment period on the proposed tariffs, and pending discussion at the G20, the industry will eagerly await a final ruling on whether the US government will proceed with tariffs, cancel the proposed increase, or scale back the scope and amount.