Effective August 23rd, 2018, an additional 25% duty will be placed on $16 billion dollars worth of Chinese manufactured goods.
On August 7th, 2018 the U.S. Trade Representative (USTR) announced the finalized list for round two of additional duties on goods manufactured in China. This new list is subject to additional duties of 25%, and will become effective on August 23rd, 2018.
Previous First Round of Additional Duty Rates
On July 6th, 2018, the first round of 25% additional duty rates went into effect on $34 billion dollars worth of Chinese manufactured goods.
Current Second Round of Additional Duty Rates
The second round of 25% additional duty rates on $16 billion dollars worth of Chinese manufactured goods was finalized on August 7th, 2018, and is set to become effective on August 23rd, 2018.
Proposed Third Round of Additional Duty Rates
The USTR announced a proposal for round three of 10% additional duty rates on over $200 billion worth in list three which is the subject of a public hearing set to convene on August 20th, 2018, through August 23rd, 2018. There has been talk recently that they may increase the third round of duties from 10% to 25%.
Round three contains a broad spectrum of merchandise;
- agricultural items,
- processed foods,
- wood and wood items,
- and textiles and wearing apparel.
The list is so extensive that you are encouraged to review list three to see if merchandise you import will be affected.
Dates on the Horizon
August 20th-23rd, 2018
The Section 301 Committee will convene a public hearing in Washington D.C. in regard to tariff list three of the proposed additional duties.
August 30th, 2018
Due date for submission of post-hearing submission rebuttal comments.
If You Have Questions
If you have questions please contact us to talk with a trade advisory expert on the latest in tariffs and international trade.