Section 301 Update: US-China Trade War – List 4 Tariffs To Begin on September 1, 2019
On August 1, 2019, President Trump tweeted that the US will impose a 10% tariff on approximately US$300 billion worth of products from China (“List 4”) beginning on September 1. This will be in addition to Section 301 tariffs already imposed on US$250 billion worth of Chinese products.
Mr. Trump tweeted yesterday:
Following the President’s announcement, it remains to be seen: 1. if the Administration will launch an exclusion process for List 4 (a process was only launched for List 3 once the tariff rate was increased from 10% to 25%), or 2. if there will be any changes to the tariffs included on the proposed List 4 following the public comment process that concluded earlier this summer.
Our team has compiled affected products in our current database for our clients. If you are not a SCS client and would like assistance with your HTS codes, please contact us here
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We've also created an Inventory Strategy Guide for those affected by Tariffs, or anyone looking to revisit their current strategy and improve inventory optimization and financial performance.
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