October 15 Tariff Increases, Cancelled

 
CHARLOTTE, N.C. - Oct. 15, 2019 - PRLog -- The announcement to call off the tariff increases previously set to take affect today (10/15/19) was officially made last Friday, according to the AP. The tariffs were set to increase 5% - from 25% to 30% on the list of $250 billion in imports from China.

As a result, China is agreeing to purchase $40-$50 billion from United States farms. While this deal is progressive in comprehensive nature, it does not affect or negate the impending 15% increase on $160 billion worth of Chinese imports set to take effect two months from today, December 15, 2019.

Reach out to us with specific HS code / duty rate inquiries.

CLN Worldwide is a cross-functional team of logistics experts, helping clients navigate areas of transportation, distribution, customs, and regulatory compliance. Our focus is not on an individual product group or service offering but rather a comprehensive approach to effectively managing and optimizing the supply chain.

Managing complex global supply chains for today's middle market and emerging growth companies.

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Industry:Transportation
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