CARM: What all importers need to know about CARM

Universal Logistics - Take The Right Route Logo with 70 Years Badge

Route Article

U.S. increases China tariffs

     US - China Trade

The United States Trade Representative (USTR) has announced all existing and pending China tariffs are being increased in retaliation of China’s response to the next round of tariffs being implemented on $300 billion worth of products imported to the U.S..

Current additional tariffs of 25% on roughly $550 billion of China products will increase to 30%, effective October 1, 2019.  The scheduled tariffs of 10% on $300 billion will be assessed at 15%, effective on the already scheduled dates (September 1st and December 15th) for tariff increases on these imports. 

The China Tariffs have been issued in 4 Lists – see below for a link to each list along with the corresponding additional tariff rates:

$34 Billion Trade Action (List 1) – 25% China Tariff increases to 30% October 1, 2019
$16 Billion Trade Action (List 2) – 25% China Tariff increases to 30% October 1, 2019
$200 Billion Trade Action (List 3) – 25% China Tariff increases to 30% October 1, 2019
$300 Billion Trade Action (List 4) – originally announced at 10% the China Tariff will be implemented at 15% in the below stages:

List 4A (Effective September 1, 2019)
List 4B (Effective December 15, 2019)

For more information, please go to our web site or contact Brian Rowe, Director – Customs
Compliance & Regulatory Affairs.

Quick Tip #32
Understanding Incoterms 2010

Whether you are buying or selling, negotiating favourable commercial terms of sale is the most effective way to cut costs and optimize transit times.

Switch to a Logistics
Partner Who Cares

Click the button below to find out why we’ve been Canada’s most trusted freight forwarder and customs broker for over 75 years.

Professional business people team meeting and working in corporate office concept

Register now to learn more about our

101 Logistics Quick Tips

Available exclusively from Universal Logistics