TRUMP THREATENS TO RAISE TARIFF ON CHINESE IMPORTS BY 15% TO 25%
As an update to the previous advisory regarding Chinese import tariffs, please be aware of the following updates:
- Chinese items previously subject to 10% Section 301 duties will now be subject to 25% duty if exported on or after May 10 and entered before June 1.
- 25% duty will apply to these items if entered on or after June 1, regardless of export date. Link to customs announcement on this increase here.
- The United States Trade Representative has published a 4th list of tariff numbers for which it is proposing duties of up to 25%. This list covers nearly all Chinese products not already subject to additional duties. The USTR will hold a hearing on June 17th, after which any tariff numbers and duty rates will be known.
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