On February 15, 2019, the President of the United States signed a mini-omnibus bill which requires the United States Trade Representative (USTR) to introduce an exclusion process for Section 301 List 3 products to Congress by March 17, 2019. The tariffs on List 3 products are currently set at 10 percent and are scheduled to increase to 25 percent on March 2, 2019.
In an explanatory statement accompanying the appropriations legislation, the USTR office was directed to establish a List 3 exclusion process “following the same procedures as those in rounds 1 and 2”.
For more information please contact your local MIQ Logistics representative.