Tariff Hikes Postponed Indefinitely

Per the Federal Register Volume 84, Number 43 (Tuesday, March 5, 2019), the U.S. Trade Representative (USTR) has postponed the date of which duty rates will increase to 25% for items covered by section 301 list 3.

The rate will remain at 10% until further notice.

This postponement comes in advance of a speculated late March 2019 summit between Presidents Trump and Xi.  Hopefully, this summit will lead to the end of the tariff war between the US and China, but there are still major hurdles involving items such as:  intellectual property, technology transfer, currency and other issues.

If you would like additional information on how your business may be affected by the trade war or if you have any other supply chain questions, please contact Allyn at (239) 489-9900 or you can email us at sales@allynintl.com.