Section 301 Tariffs to Increase 5%

In response to China’s recent announcement of retaliatory tariffs imposed on U.S. goods, President Trump tweeted and the USTR published today intent to levy a 5% increase on Section 301 tariffs across all lists of merchandise scheduled or currently being assessed Section 301 duties. The USTR notice is available here.

For merchandise on Lists 1-3, the increase would raise tariffs from 25% to 30% effective October 1st, after a notice and comment period is conducted.

For merchandise on Lists 4A / 4B, the increase would raise from 10% to 15% effective on September 1, and December 15, respectively.

Additional details and clarifications will follow with publication in the Federal Register of these actions.

If you have any questions concerning exclusions or mitigation of these assessments, please contact one of the trade professionals here.