President Trump Announces Tariffs on Mexico
On Thursday May 30, President Trump announced he would impose a tariff, starting at 5% going up to 25% incrementally, on all goods from Mexico. This punitive measure is taken as a step to stop illegal immigration to the U.S.
On Twitter, Trump wrote: “On June 10th, the United States will impose a 5% tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Coun [...]
USTR Announces New List for Proposed Section 301 China Tariffs
One more announcement came out of the office of the U.S. Trade Representative which outlines the proposed modifications of yet another list of approximately $300 billion in Chinese goods. The proposed modification is posted at the USTR web page and includes an annex of the list of proposed products to be affected. This announcement comes on the tail end of the last round of tariff increases, from an additional 10% to 25%, as we previously rep [...]Read More
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, [...]