U.S. and China Phase One Trade Deal Lowered Tariffs on List 4A Goods
Effective February 14, 2020, the Section 301 additional tariff of 15% on imports of Chinese List 4A goods will be reduced to 7.5%. This was announced January 15, by the U.S. Trade Representative as the “China Phase One Trade Agreement.” As part of this deal, China has agreed to buy an additional $200 billion worth of American goods over the next two years. No mention has been made of other lists affected by the Section 301 additional tariffs. The exclusion process for the List 4A products expires January 31, 2020.
We will continue to monitor the situation and advise of any further details. If you have any questions, please contact your local C J representative.