On Thursday, August 1, 2019, the president of the United States announced that a tariff of 10 percent would be placed on $300 billion worth of imports from China as part of the U.S. response to China’s unfair trade practices related to the forced transfer of American technologies and intellectual property.
On May 13, 2019, the United States Trade Representative (USTR) announced a new proposed list of tariffs on China-made goods. On June 29, 2019, it was announced that the fourth list would not be implemented while China and the United States pursue a fair trade deal.
The president’s announcement today indicated that China had not met its obligations to buy large quantities of agricultural products from the United States or stop the flow of fentanyl into the United States. The announcement went on to note that the United States looks forward to “continuing our positive dialogue with China on a comprehensive trade deal and feel that the future between our two countries will be a very bright one!”
For additional details or to determine if your products imported from China are impacted, refer to the Annex to the Regulatory Announcement.
An official announcement has not been issued by the USTR or U.S. Customs and Border Protection defining the September 1, 2019, date as the date of export or date of import, or how these new tariffs will be enforced. Once those are announced, we will send an update to this message.
For more information please contact your local Noatum Logistics Representative.