CHINA TARIFF UPDATE — AUGUST 28, 2019
The President has just announced that the 25% tariff previously placed on “List 3,” affecting $250 billion of Chinese imports, will be increased to 30%, beginning on October 1, 2019. He has also increased the “List 4” tariff from 10% to 15%. The List 4 tariff, affecting the remaining $300 billion of Chinese imports, will go into effect on September 1, 2019.
SFIA will be announcing the exclusion process as soon as the USTR has informed us of key dates and other necessary information. SFIA is currently offering a program to assist with filing List 3 exclusion petitions (for more information, click here), and will offer a similar program to assist with List 4 tariff exclusion petitions (once the process is announced).
List 4A is effective September 1, 2019.
List 4B is effective December 15, 2019.