Import

Section 301 Chinese Imports List 3 to Increase to 25%

Section 301 Chinese Imports List 3 to Increase to 25%

An uptick from 10% to 25% on May 10, 2019

President Trump has threatened to start imposing an additional 25% tax for the third tranche of Section 301 tariffs, also known as List 3, to go into effect on May 10, 2019.  These Chinese imports are currently taxed with a 10% additional duty and were originally planned to increase to 25% by January 1, 2019.  The additional 25% tax was delayed indefinitely until just now.  The announcement came as a tweet on Sunday, May 5, 2019 as seen below:

 

In another tweet, President Trump also threatened to impose an additional 25% duty on all remaining imports from China. See below:

China and the United States have recently been in ongoing trade talks, and according to Yahoo News, the President made these announcements to increase pressure on China to reach a trade deal. The Yahoo News article goes on to state, “United States Trade Representative Robert Lighthizer, including details that China was pulling back from some commitments it made previously, prompted Trump’s decision and jab on Twitter at Beijing.”

“Chinese officials are scheduled to meet their U.S. counterparts in Washington on Wednesday after meeting in Beijing last week for a round that Treasury Secretary Steven Mnuchin described as ‘productive.'”

 

Furthermore, several exclusions have been announced for some Section 301 imports from China.  In fact, according to Sandler, Travis and Rosenberg, “The Trump administration recently approved more requests for exclusions from the additional tariffs it has imposed on imports from China but has not issued any additional denials over the last month, according to information made available by the Office of the U.S. Trade Representative. Most such requests are still under consideration but USTR is making progress in conducting its reviews.”

 

To review Section 301, visit this helpful Resource Page

Download each Section 301 List below:


Section 301 List 1
Section 301 List 2 Section 301 List 3

 

Scarbrough is offering a FREE 20-minute consultation to any importer affected by the Section 301 Tariffs. Email consulting@scarbrough-intl.com or fill out the form below.

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