On September 17, 2018, President Trump announced an additional ten percent (10%) tariff that will be imposed on imports from China. This tariff will be effective September 24, 2018. This tariff applies to List 3, which contains 5,745 tariff lines (US Tariff List 09172018). This tariff is then scheduled to be increased to twenty five percent (25%) on January 01, 2019. According to Trump, if there is a retaliation attempt by China, the US will continue to add tariffs on Chinese goods. A federal register notice has not yet been issued.
As a reminder, there is still a drafted fourth list which covers the balance of imports from China. This list has not yet been published by the United States Trade Representative (USTR) as of today.
The deadline for exclusions requests from List 1 is October 09, 2018, and the deadline for exclusion requests from List 2 is December 18, 2018. The USTR has not yet announced the procedures or deadlines for List 3 exclusion requests.
Importers should be advised to review classifications used for importation. This could also affect the import Bonds. RIM will continue to monitor customer bonds and send notices of any insufficiencies.
For questions or concerns, please contact your local RIM logistics, ltd. representative.