Section 301 Tariffs Delayed Indefinitely
Earlier last week, President Trump announced an indefinite delay in the uptick of Section 301 tariffs on the third list of Chinese products, which were scheduled to increase the additional duty rate already in place from 10% to 25% on March 2, 2019. The United States and China plan to meet at the end of March to continue trade discussions.
According to Sandler, Travis, and Rosenberg, “Administration officials have said they will not provide any exclusion request process for these goods unless that increase occurs, although Congress has directed USTR to create such a process. The White House has also warned of an as-yet-unspecified tariff hike on an additional $267 billion worth of Chinese goods if Beijing “takes retaliatory action against our farmers or other industries.”
To review Section 301, visit this helpful Resource Page