January 20, 2020 – The U.S. Trade Representative (USTR) announced that Section 301 Duties for List 4a products will be reduced from 15 percent to 7.5 percent for goods entered or withdrawn from warehouse as of February 14, 2020.
Additional duty rates of 15 percent have been in effect for List 4a product since September 1, 2019.
This is a result of phase one of the Trade Agreement with China, signed by U.S. President Trump and China’s Vice Premier on January 15, 2020. The USTR issued a Fact Sheet on the Agreement, which covers intellectual property, technology transfer, agriculture, financial services, currency, expanding trade, and dispute resolution.
It is recommended that you delay entering any high value shipments of List 4a products until after the duty reductions occur, possibly even entering goods into bonded warehouses, when cost effective.
If you have any questions regarding the reduction in Section 301 duties for List 4a Chinese origin products, Livingston can help! Please contact either your Livingston account manager or our regulatory affairs group at usregaffairs@livingstonintl.com