Tariff Increase on US$250 Billion in Imports from Mainland China Expected 15 October
02 October 2019
U.S. government sources have confirmed that a proposed increase in the additional tariff being imposed on US$250 billion worth of imports from mainland China from 25 percent to 30 percent will NOT take effect on 1 October but is still planned for 15 October.
In August the Office of the U.S. Trade Representative sought public comments on this proposed increase, which would affect the following.
- 818 tariff subheadings with an approximate annual trade value of US$34 billion (list 1 goods)
- 279 tariff subheadings with an approximate annual trade value of US$16 billion (list 2 goods)
- 5,733 tariff subheadings with an approximate annual trade value of US$200 billion (list 3 goods)
USTR’s notice said this change would be effective 1 October but the proposal has never been finalised. As a result, the additional tariff on these goods remains at 25 percent.
Subsequent to USTR’s notice President Trump said he would delay the tariff increase to 15 October. It now appears that a formal notice increasing the tariff to 30 percent as of that date will be issued soon. However, U.S.-China negotiations scheduled for 10-11 October could affect the date and rate of any such change.
- North America
- Mainland China