Special Newsletter
$200 Billion in Goods from China Hit with Higher Tariff; $267 Billion More Threatened (From Sandler Travis)
President Trump announced last night that beginning Sept. 24 an additional ten percent tariff will be imposed on 5,745 tariff lines from China with an import value of approximately $200 billion. This tariff is scheduled to increase to 25 percent on Jan. 1, 2019.
The president added that if China “takes retaliatory action against our farmers or other industries” he will initiate a process aimed at increasing tariffs on another $267 billion worth of goods from China.
The full list of products affected by the new ten percent tariff is available here. All but 11 of the listed subheadings are covered by the additional tariff in their entirety, while those 11 are only “partially covered.”
For more information, please go to
https://www.strtrade.com/news-news-China-10-percent-tariff-200-billion-091818.html?mkt_tok=eyJpIjoiTVRBMllUZGtOamMyWkRjNCIsInQiOiJvMzFBNURWaUEyemlvajIwN0tBTG1GdWRFT2NEQ0R4TDFUekNITDRNZ3F1eVp4b1NlTE9oaFwvM2MyNThFYTFzd0RUSDJLNjBqSyt6cFphZVkzbWlZa2dIaGl2UWJ6ckpxMkRqOEVVY3RaWFVPckdNXC9QR0dEXC82MDdcL092bEpiMjkifQ%3D%3D
Ed. Note: If you import from China, there is a good probability your merchandise is included in this lists of tariffs. This list is FAR more extensive than the previous 2 lists, and it will take us some time to review it and identify those customers who are affected. Please keep in mind we are doing everything possible to review this list and advise customers. Just in case the above link to the US Trade Representative’s website does not work, please go to this site:
https://ustr.gov/sites/default/files/enforcement/301Investigations/Tariff%20List_09.17.18.pdf
Contact us with any questions.
Lee Hardeman LeeH@LHCB.com Direct: 404-477-3452
Sandy Cato SandyC@LHCB.com Direct: 404-477-3454
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