25 Percent List 1-3 Tariffs Will not Increase until October 15

September 2019

On September 11, 2019, President Trump announced that the U.S. would postpone an October 1 scheduled increase in the Section 301 tariffs from 25 percent to 30 percent until October 15. The increase in tariffs covers approximately $250 billion worth of Chinese imports currently subject Lists 1, 2, and 3.

The postponement of the tariff increase came after China exempted 16 products from its 301 retaliatory tariffs on U.S.-origin goods earlier the same day.  USTR is expected to release additional details of the delayed tariff increase on the Federal Register soon.

Importers interested in evaluating the duty impact and exploring strategic responses to mitigate the duty exposure can contact a BDO Customs and International Trade Services professional.
 

CONTACT:
 
Damon V. Pike
Principal
  James Pai
Senior Manager

 
Yun Gao
Manager
  Travis Fournier
Manager

 
Jay Cho
Manager