Posted on August 27, 2019
On August 23rd, President Trump announced that he will continue to increase tariffs on goods from China. Subsequently, the USTR announced that the tariffs currently in place will be raised to 30% effective October 1.
As for lists 4A and 4B, they will now be increased to 15% effective Sept 1 and Dec 15 respectively.
Latest Tariff Increase Schedule
|List||Current Rate||New Proposed Rate||Effective Date|
|1||25%||30%||October 1, 2019|
|2||25%||30%||October 1, 2019|
|3||25%||30%||October 1, 2019|
|4A6||10%||15%||September 1, 2019|
|4B||10%||15%||December 15, 2019|
This is widely viewed as the President’s response to Beijing increasing its own tariffs on more goods from the U.S. Aside from just increasing the tariffs, Trump also tweeted the following:
“Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”
These changes will be published in the Federal Register as soon as possible.
If you would like more information on Section 301 duties, or any other trade related matter please contact Allyn International at email@example.com.