In an announcement on Friday, August 23, 2019, the USTR (United States Trade Representative) advised that Section 301 List 3 tariffs will be increasing from 25 percent to 30 percent effective October 1, 2019, following a notice and comment period. List 3 is comprised of approximately $250 billion worth of Chinese imports and was first implemented on September 24, 2018, at 10 percent. On May 10, 2019, the List 3 duty rate increased to 25 percent.
In addition to the five percent increase in List 3, List 4A, set to go into effect on September 1, 2019, is also being increased by five percent, from the originally announced 10 percent provisional tariff to 15 percent. List 4A comprises approximately $300 billion worth of Chinese imports.
Please continue to watch for further updates to these and other USTR announcements.
If you have questions, please contact us or reach out to your Ascent Global Logistics Representative directly.