Change in Effective Date of Duty Increase of Section 301 (Tranche 3) Duties
On May 9, 2019, the U.S. Trade Representative announced an increase in the Section 301 Tranche 3 duties for products of Chinese origin. Details are contained in the Notice published in the Federal Register. Today, May 10, 2019 a CSMS message was issued outlining 3 key points regarding how duty rates are to be assessed. We have outlined those 3 points from the CSMS message below: For subject goods entered for consumpti [...]Read More
25% Tariff Effective May 10, 2019
Over this past weekend, President Trump has threatened/tweeted to increase the tariff from 10% to 25% on $200 billion worth of goods imported from China (List 3 goods) effective May 10, 2019. In addition, President Trump has threatened to add an additional 25% tariff on all goods from China not already subject to higher tariffs under the Section 301 process.
As previously reported, the 25% China retaliatory tariff slated for January 1, [...]