Sunday, June 2, 2019

Increase to 25% on Section 301 List 3 Tariffs to be Delayed.

On May 31, 2019, the U.S. Trade Representative’s Office (USTR) announced USTR intends to publish a notice in the Federal Register shortly that extends the amount of time for importers to enter certain goods exported from China before the goods will be subject to an additional tariff increase from 10 percent to 25 percent.

Covered products that were exported from China to the United States prior to May 10, 2019 will remain subject to an additional 10 percent tariff if they enter for consumption into the U.S. before June 15, 2019. Originally, the deadline to enter the U.S. before the goods would be subject to an additional 25 percent tariff was June 1, 2019.

This limited extension will further account for customs enforcement factors and the transit time between China and the United States by sea.

No comments:

Post a Comment