Section 301 News: Progress on Trade Talks

Posted on October 14, 2019

After negotiations last, week the U.S. and China have agreed on the first steps to de-escalate the trade war. The results of this talks are the following:

  • Lists 1, 2, and 3 will not increase to 30% on October 15th, 2019 but will stay at 25%.
  • As of right now, list 4B is still scheduled to go into effect on December 15th, 2019. China has committed to buying $40 to $50 billion worth of U.S. agriculture annually.
  • There was also reported progress on intellectual property, currency manipulation and tech transfer, among other things, but the details have not yet been provided.

Latest Tariff Increase Schedule

While this is undoubtedly a step in the right direction, there is still much uncertainty regarding this trade war. If you would like more information on Section 301 duties, or any other trade related matter please contact Allyn International at sales@allynintl.com

Contributor: Matthew Dreckman 


About Allyn International 

Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North and South America, Europe and Asia. Allyn’s regional headquarters are strategically located in Fort Myers, Florida, U.S.A., Shanghai, P.R. China, Prague, Czech Republic, and Dubai, U.A.E. For more information, visit www.allynintl.com.