On August 15, 2019, the U.S. Trade Representative (“USTR”) announced that Sec. 301 tariffs of an additional 10% ad valorem on Chinese-origin goods will be applied based on the date of entry. Thus, no grace period has been provided for goods on the water.
Accordingly, the additional 10% tariff will apply to List 4A products entered for consumption, or withdrawn from warehouse for consumption, on or after September 1, 2019. List 4A products are enumerated HERE
The additional 10% tariff will apply to List 4B products entered for consumption, or withdrawn from warehouse for consumption, after December 15, 2019. List 4B products are specified HERE
The USTR will provide an exclusion process for products on Lists 4A and 4B. Details will be announced by the USTR in a future notice.
Should you wish to discuss the exclusion process, and other strategies concerning the tariff, please contact our office to speak with one of our attorneys.
Compliments of Grunfeld, Desiderio, Lebowitz, Silverman & Klestadt LLP, a member of the EACCNY