UPDATE – Change in Effective Date of Duty Increase of Goods Subject to Section 301 Duties
UPDATE – Change in Effective Date of Duty Increase of Goods Subject to Section 301 Duties
Posted on Dec 21
On September 21, 2018, the U.S. Trade Representative’s Office published a Notice of Modification of Action in the Section 301 investigation providing for the imposition of additional import duties on over 5,700 full and partial eight-digit subheadings of the Harmonized Tariff Schedule of the United States (HTSUS) on goods imported from the People’s Republic of China (China).
Commonly referred to in the trade as “List 3”, the rate of additional duties was initially set at 10 percent. Those additional duties were effective starting on September 24, 2018, and are currently in effect. Under Annex B of the September 21 notice, the rate of additional duty was set to increase to 25 percent on January 1, 2019.
At the G20 Summit in Argentina in early December this year, the U.S agreed to postpone the increase to 25% for a period of 90 days.
This notice is to advise that the increase in additional import duties for Chinese goods covered by the September 21, 2018 Federal Register notice, as amended, will become effective on March 2, 2019. Effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern standard time on March 2, 2019, the rate of additional duties on imported articles classified in a subheading covered by the September 21, 2018 Federal Register notice, as amended, will be 25% ad valorem.
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