Finally, we have reached Phase 1 in the US-China trade war. It seems like a long time to wait just to have CERTAIN products from China reduced from 15% to 7.5%. The items covered in this deal are the ones from List 4A, NOT any other list. The reduced duty rate will take effect on… Read more »
On November 26th the USTR announced 32 specially prepared product descriptions, which cover 39 separate exclusion requests.” These exclusions are specific to List 3 and will be retroactive. Please review the list carefully since the exclusions are very specific and do not apply just because the HTS code matches.
Over the weekend President Trump has threatened that the additional duty on $200 billion worth of goods being imported from China could increase from the current 10% to 25%. The key word right now is THREATENED – that means there is still a chance that this weeks meeting with the Chinese delegation could produce another… Read more »