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31 May 2018

US tariffs on Chinese imports imminent; Enhanced China investment restrictions and export controls to follow

The Trump Administration issued a Statement on May 29, announcing upcoming release dates for actions related to the Section 301 of the Trade Act of 1974 (Section 301) investigation. The Statement announces that by June 15, the US Trade Representative (USTR) will publish the final list of covered products, comprising $50 billion of imported goods from China, to be subject to a 25% tariff (in addition to normal tariffs). The effective date for the tariffs will be imposed shortly thereafter.

An Indirect Tax Services group Alert, attached below, provides additional details.

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Document ID: 2018-1125

 

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