On Friday, August 23, 2019, the United States Trade Representative (USTR) office released the USTR Statement on Section 301 Tariff Action Regarding China in response to China’s “unjustified tariffs targeting U.S. products.”
The United States will be increasing by 5% the tariffs on approximately $550 billion worth of Chinese imports as follows:
- List 1 – $34 Billion – will increase from 25% to 30%, effective October 1, 2019.*
- List 2 – $16 Billion – will increase from 25% to 30%, effective October 1, 2019.*
- List 3 – $200 Billion – will increase from 25% to 30%,effective October 1, 2019.*
- List 4 – $300 Billion – will increase from 10% to 15%.
- List 4a – Effective September 1, 2019.
- List 4b – Effective December 15, 2019.
* Lists 1-3 will increase to 30%, effective October 1, 2019, following a notice and comment period.
USTR will publish a Federal Register Notice with additional details, which should include the comment period timeline and instructions.
For more information, please contact your local Noatum Logistics representative.