Tariff Turmoil Gets Hotter!

birds eye view photo of freight containers
Photo by Tom Fisk on Pexels.com

By Susan Kohn Ross

As has been widely reported, on Friday, first President Trump announced and then USTR Lighthizer confirmed the 301 tariffs on goods out of China will increase. Specifically, the tariffs on the goods on Lists 1, 2 and 3 will rise from 25% to 30% starting October 1, 2019, while the tariffs on the List 4 products will start at 15% on September 1, 2019 or December 15, 2019, rather than the original 10%, depending on whether your product is on List 4A or List 4B. USTR also acknowledged there will be a notice and comment period provided in the Federal Register notice to follow. While no doubt many American traders hope the possibility exists to remove products from any of the lists, that seems highly unlikely. While this upheaval continues, companies should also keep in mind the ability to seek exclusions for goods on List 3 expires on September 30, 2019. The exclusion process for goods on List 4 has still not been published. Continue reading “Tariff Turmoil Gets Hotter!”

China 301 Tariffs – Current Events

In this video blog, MSK Partner & International Trade Practice Chair Susan Kohn Ross covers what’s next with the 301, including the tariff China has imposed on goods imported from the U.S., which product lists are at which stage, what is going on with List 3 in both countries, and other current events. Continue reading China 301 Tariffs – Current Events