August 23, 2019
To our Valued Customers,
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 USTR’s notice in the link above is reproduced below:
Washington, DC – Today, China announced it will impose unjustified tariffs targeting U.S. products. In response to China’s decision, and in order to achieve the objectives of the China Section 301 investigation, President Trump has instructed the United States Trade Representative (USTR) to increase by 5% the tariffs on approximately $550 billion worth of Chinese imports. For the 25% tariffs on approximately $250 billion worth of Chinese imports, USTR will begin the process of increasing the tariff rate to 30%, effective October 1 following a notice and comment period. For the 10% tariffs on approximately $300 billion worth of Chinese imports that the President announced earlier this month, the tariffs will now be 15%, effective on the already scheduled dates for tariff increases on these imports.
The United States Trade Representative (USTR) has not yet issued a Federal Register Notice.
We are currently assessing which products may be affected and advise you accordingly.
Our intention is to keep you as competitive as possible and will do our best to minimize any impact it may have on pricing.
For further details, please contact sales@northerntech.com.
