It should come as no surprise that tariffs are back in the headlines. Earlier this week, a Federal Register (FR) Notice was posted that presents a note of detail on "modification of action" to Section 301.
The FR announced that effective September 1, 2019, the Tranche 4 (list 1) additional duties of 10 percent will be imposed on products of Chinese origin that are entered for consumption or withdrawn from warehouse for importing. This date will impact all goods that are presently en route to the US and will arrive on September 1 or after.
The notice also states that the Tranche 4 ( list 2) will have additional duties of 10 percent imposed on products of Chinese origin for goods that entered for consumption or withdrawn from warehouse for importing on or after December 15, 2019.
Additionally, the USTR has also shared that they will establish a process/procedure at a future date that will outline the necessary steps for the exclusion process.
Trust that BDP International will continue to monitor the situation with the tariffs and will keep our customers apprised of any new developments.
As always, please check all lists to see if your products are mentioned and from there, decide your next step that needs to be taken.
If you have any questions or concerns with the Tranche 4 additional duties, please feel to reach out to me directly.
