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September 19, 2018
2018-1848

US announces tariffs on $200b China-origin goods; trade pressures to continue

The United States Trade Representative (USTR) on September 17, announced a third list of China-origin products which will become subject to additional 10% ad valorem punitive tariffs (calculated in addition to most-favored nation duties) beginning on September 24 (US List 3). The ad valorem duty rate for the covered products on US List 3 is scheduled to then increase to 25% on January 1, 2019. A wide range of products are impacted by the duties; however, certain consumer products and other categories of goods originally proposed to be subject to the tariffs have been fully or partially removed.

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

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Full text of this Tax Alert

 

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