On September 11, 2019, President Trump announced that on a “gesture of good will,” the increase in tariffs from 25% to 30% on $250 billion of Chinese goods (Lists 1-3) will be delayed by two weeks. Originally, the effective date was set for October 1, 2019. Currently, the effective date of the increase has been pushed back to October 15, 2019.
Furthermore, additional exclusions from the Section 301 Lists 1-3 have been announced by the Office of the U.S. Trade Representative. The exclusion covers 437 specially-prepared product descriptions – the lists of the exclusions can be found at the following links:
RIM logistics, ltd. will continue to monitor these changes and effects of the Section 301 Tariffs and keep you informed as we receive updated information.
References: List 1, 2, and 3 Exclusion links are courtesy of Sandler, Travis & Rosenberg, P.A.