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, 2019 was initially postponed to March 1, 2019. Since the postponement, the White House has been attempting to negotiate a trade agreement with China. However, President Trump stated that these negotiations are going “too slowly”. No final decision has been made and none is expected until after a Chinese delegation happening in Washington in the next day or so.
We will continue to monitor the situation and keep you advised of any outcome. At this time, we have no other definitive information until we hear directly from Custom and Border Protection via their Cargo Systems Messaging Service (CSMS).