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On May 10, 2019, President Donald Trump implemented the China tariff increase, raising the 10% Section 301 Tariffs on $200 billion of Chinese goods to 25%. The official notice was issued by the United States Trade Representative (USTR).
The increased tariff applies to a specific list of China origin goods exported to the U.S. on or after May 10, 2019.
Goods that were exported to the U.S. prior to May 10, 2019, will be subject to the 10% tariff, in effect at time of shipping, as long as they are entered into the U.S. prior to June 1, 2019. Should these shipments enter the U.S. after June 1, 2019, they will be subject to the higher 25% tariff.
China retaliated with increased tariffs against 5,140 U.S. products entering China, such as honey, vegetables, coffee and various meats representing $60 billion of goods.
On May 14, 2019, Trump issued the $300 billion list of proposed goods for comment prior to implementation of a 25% China tariff. The official notice, complete with a list of HS tariff classifications, has been issued by the USTR.
This round of potential tariffs covers most remaining un-tariffed goods from China, e.g. food, books, glassware, computers, clothing, toys, etc. If this list goes through, 96% of Chinese origin goods entering the USA will have become subject to a 25% tariff.
Interested parties may submit written comments to the USTR by June 17, 2019 as outlined in the notice.
For more information, please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905) 882-4880, ext. 213.
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