The U.S. Trade Representative has published a notice in the Federal Register announcing that the 301 tariffs for Chinese items on List 3 will increase from 10% to 25% effective for goods entered on or after May 10, 2019. The notice states, “In light of the lack of progress in discussions with China, the President has directed the Trade Representative to increase the rate of additional duty to 25 percent.”
A 25% duty on the remaining goods from China (List 4) has been threatened by the President via tweet. The outcome of this week’s trade talks with China may determine if these duties become reality. We will keep you updated as new information becomes available.
Please contact Vandegrift with any questions regarding the implementation of these additional duties.