Ten Percent Tariffs on Remaining Chinese Origin Goods Starting Sept. 1; Negotiations Continue
Saturday, August 03, 2019
President Trump announced in an Aug. 1 tweet that starting on Sept. 1, goods of Chinese origin that are not already on Lists 1, 2, or 3 will be subject to a 10% tariff. To be sure, the Office of the United States Trade Representative (USTR)—the government agency responsible for developing and recommending U.S. trade policy to the President—will have to finalize the list of affected tariff codes but the tweet means that virtually all trade from China will soon be subject to additional tariffs, unless a product's tariff code is one of the few tariff codes that have not been included or is otherwise covered by an exclusion decision made by the USTR's office. Negotiations with China remain ongoing.
Pisani & Roll LLP will provide additional updates as further details are released.
Pisani & Roll LLP specializes in international trade and customs law, including matters relating to supply-chain security. The Pisani & Roll team provides business-innovative and professional representation.
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Category: Economic News, International Trade