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Imminent 25% Tariff on Gold and Silver Numismatic Items from China?

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PandaCollector:
From Bloomberg News:

"Trump Wants $200 Billion in China Tariffs Despite Talks, Sources Say"

By Jennifer Jacobs , Saleha Mohsin , and Jenny Leonard
September 14, 2018, 9:01 AM PDT Updated on September 14, 2018, 9:49 AM PDT
"President instructed trade advisers to proceed with new round "

It looks like these proposed tariffs would add 25% to the cost of many gold and silver numismatic items imported from China. I think coins with denominations would not be covered by this round, but they might fall under 7106.92.10 or 7108.13.55.

The following is from the official request for comments:

OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE
Docket Number USTR-2018-0026
Request for Comments Concerning Proposed Modification of Action Pursuant to Section 301: China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual
Property, and Innovation
AGENCY: Office of the United States Trade Representative.
ACTION: Request for comments and notice of public hearing.

.. On July 6, 2018, China responded to the initial action by imposing increased duties on goods of the United States. In light of China’s decision to respond to the investigation by imposing duties on U.S. goods, the Trade Representative proposes a modification of the action taken in this investigation. The proposed modification is to maintain the original $34 billion action and the proposed $16 billion action, and to take furtheraction in the form of an additional 10 percent (since changed to 25% - PA) ad valorem duty on products of China with an annual trade value of approximately $200 billion. The products subject to this proposed supplemental action are classified in the HTSUS subheadings set out in the Annex to this notice.

7106.10.00 Silver powder
7106.91.10 Silver bullion and dore
7106.91.50 Silver, unwrought (o/than bullion and dore)
7106.92.10 Silver (incl. silver plate w gold/platinum),semimanufacture,rectangular/near rectangular
shape,99.5% or > pure,marked only by wgt/identity
7106.92.50 Silver (including silver plated with gold or platinum), in semimanufactured form, nesoi
7107.00.00 Base metals clad with silver, not further worked than semimanufactured
7108.11.00 Gold powder
7108.12.10 Gold, nonmonetary, bullion and dore
7108.12.50 Gold, nonmonetary, unwrought (o/than gold bullion and dore)
7108.13.10 Gold leaf
7108.13.55 Gold (incl. gold plated w platinum),not money,semimanufacture,rectangle/near
rectangular shape,99.5% or > pure,marked only by wgt/identity
7108.13.70 Gold (including gold plated with platinum), nonmonetary, in semimanufactured forms
(except gold leaf), nesoi
7108.20.00 Gold, monetary, in unwrought, semimanufactured or powder form
7109.00.00 Base metals or silver clad with gold, but not further worked than semimanufactured
7110.11.00 Platinum, unwrought or in powder form
7110.19.00 Platinum, in semimanufactured forms
7110.21.00 Palladium, unwrought or in powder form
7110.29.00 Palladium, in semimanufactured forms
7110.31.00 Rhodium, unwrought or in powder form

Best wishes,
Peter Anthony
China Pricepedia — Chinese Coin Prices and More
The Gold & Silver Panda Coin Buyer’s Guide 3
www.pandacollector.com

pandamonium:
Not good.   I take it this Tariff applies to ALL Chinese coins/medals and all years?       My thoughts were that China would suspend exporting all Chinese coins/medals at some point but looks like the Tariff will hit first.    This means higher prices...
The property i am part owner of has a small cherry orchard and smaller apple orchard.     Last yr the manager thought China could not buy the crop.      The crop was picked and sold to a non tariff country that shipped the crop to China bypassing the Tariff.   Wish something like that could work out w/ Chinese coins/medals.....

Clark Smith:
Numismatics are in the 9705 category.     No tax on numismatics.

Use these codes when importing:

9705.00.00.30    Gold    Au g       
9705.00.00.60    Other    (think silver and copper)    

PandaCollector:
z
--- Quote from: Clark Smith on September 15, 2018, 11:47:28 AM ---Numismatics are in the 9705 category.     No tax on numismatics.

Use these codes when importing:

9705.00.00.30    Gold    Au g       
9705.00.00.60    Other    (think silver and copper)    

--- End quote ---

From the 25% tariff list (page 205):

9705.00.00 Collections and collectors' pieces of zoological, botanical, mineralogical, anatomical, historical, archaeological etc. interest

Does this include coins as collectors' pieces of historical or etc. interest? I would think, probably, but maybe a sub-category will escape.

Best wishes,
Peter Anthony
China Pricepedia — Chinese Coin Prices and More
The Gold & Silver Panda Coin Buyer’s Guide 3
www.pandacollector.com

Clark Smith:
Numismatics is included.     


9705000030 ─ Gold Numismatic (collectors') Coins 9705000060 ─ Numismatic (collectors') Coins, Except Gold 9705000070 ─ Collections And Collectors' Pieces Of Archaeological, Historical Or Ethnographic Interest

9705000030 Collections and collectors' pieces of zoological, botanical, mineralogical, anatomical, historical, archaeological, palaeontological, ethnographic or numismatic interest


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