On August 23rd, China announced it would be issuing retaliatory tariffs on $75 billion in U.S. exports.
Due to the escalating trade war between the U.S. and China, the United States also announced an increase in tariffs. If China and the U.S. are unable to meet and reach an agreement, the increase noted below will be implemented.
- September 1, 2019: Products on List 4A will be dutiable at 15% ad valorem (previously proposed at 10%).
- October 1, 2019: Products on Lists 1, 2 and 3 will be increased from 25% ad valorem to 30% ad valorem on October 1, 2019. The duties will take effect after a notice and comment period.
- December 15, 2019: Products on List 4B will be dutiable at 15% ad valorem (previously proposed at 10%).
Additional details from this announcement can be found in the Federal Register.
If you have any questions regarding the Section 301 Tariff increases, Livingston can help! Please contact either your Livingston account manager or our regulatory affairs group at firstname.lastname@example.org.