Importers are reminded that Section 301 List 4A products entering the U.S. on or after February 14, 2020, will be assessed a reduced tariff rate of 7.5%. The current List 4A tariff rate is 15%. This reduction is a result of the recent Phase 1 trade agreement reached between the U.S. and China.
Section 301 tariff rates on Chinese products in Lists 1, 2 and 3 remain unchanged at 25%. All Chinese Section 301 tariffs are subject to specific exclusions as granted by the U.S. Trade Representative (USTR) office.
Importers may elect to realize the reduced tariffs for List 4A products arriving prior to February 14, 2020, by delaying the customs reporting of their goods. Shipments arriving into the U.S. must have an entry filed within 15 calendar days from the date of arrival. Otherwise, merchandise will move into U.S. Customs custody under General Order.
To delay the entry of any specific shipments arriving prior to February 14, importers should contact our U.S. Customs Advisory Services Group or local Representative to review their requirements and provide written instruction. Instructions should clearly identify each specific shipment by bill number, container number or other unique reference number. Without such instruction, a customs release will be processed and filed by Delmar as normal.
Delaying customs release of any cargo may result in additional storage or demurrage charges being assessed by the carrier or service provider. A $150 USD service charge per entry will be assessed by Delmar to manage requests for delayed entry. Importers should carefully evaluate any additional costs as part of any action taken.
Delmar International will continue to monitor U.S. Section 301 trade developments and provide updated information as it is made available.
Please contact your local Delmar Representative or email our U.S. Customs Advisory Services Group for additional information and assistance.