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China's Reaction on Section 301 Tariffs
By: CLN Worldwide
The 25% tariff increase affecting the list of $250 billion worth (lists 1,2, and 3) of Chinese imports will be raised to 30%, effective October 1, 2019 - immediately following an open period of public comments.
As far as the impending 10% tariffs affecting the $300 billion list (list 4) first announced earlier in May, will now be raised to 15% following the previously scheduled implementation date.
In short, tranches 1, 2, and 3 will increase to 30%, while tranche number 4 increases to 15%.
We will follow these events closely and issue updated information as it is released. The Federal Register will be updated by the United States Trade Representative (USTR) with meticulous details pertaining to the August 23rd announcement.
For more information visit, https://www.clnusa.com/