Tariff Increase on $250 Billion in Imports from China Expected Oct. 15
Tuesday, October 01, 2019
Sandler, Travis & Rosenberg Trade Report
U.S. government sources have confirmed that a proposed increase in the additional tariff being imposed on $250 billion worth of imports from China from 25 percent to 30 percent will NOT take effect Oct. 1 but is still planned for Oct. 15.
In August the Office of the U.S. Trade Representative sought public comments on this proposed increase, which would affect the following.
– 818 tariff subheadings with an approximate annual trade value of $34 billion (list 1 goods)
– 279 tariff subheadings with an approximate annual trade value of $16 billion (list 2 goods)
– 5,733 tariff subheadings with an approximate annual trade value of $200 billion (list 3 goods)
USTR’s notice said this change would be effective Oct. 1, but the proposal has never been finalized. As a result, the additional tariff on these goods remains at 25 percent.
Subsequent to USTR’s notice President Trump said he would delay the tariff increase to Oct. 15. It now appears that a formal notice increasing the tariff to 30 percent as of that date will be issued soon. However, U.S.-China negotiations scheduled for Oct. 10-11 could affect the date and rate of any such change.
For more information, please contact trade consultant Nicole Bivens Collinson at (202) 730-4956.
© 2019, Sandler, Travis & Rosenberg, P.A. Originally published in the 10/01/19 issue of the Sandler, Travis & Rosenberg Trade Report. Reprinted by permission.