Based on its Section 301 investigation into Chinese trade practices, the Office of the U.S. Trade Representative (USTR) has confirmed it will implement a 25% duty on a second list (‘List 2’) of Chinese products valued at $16 billion. The updated list of Chinese products covered by this second phase is available here. This second phase of the Section 301 investigation impacts another 279 products including semiconductors, motors, railway cars, tractors and meters.
Import of these Chinese products will be subject to an additional duty of 25% beginning August 23, 2018.
When combined with the USTR’s previous Section 301 action, $50 billion of Chinese imports will be subject to 25% additional duty as of August 23rd. Another $200 billion of Chinese imports is currently being reviewed by the USTR for possible Section 301 action in the future.
Importers and exporters are encouraged to review their applicable transactions to determine the impact and scale of this action on their trade programs. Applicable products falling within the scope of this action should be carefully reviewed prior to any effective dates.
Please contact your local Delmar International representative or our North American Customs Advisory Group for additional information and assistance.