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Potential 25% tariffs on Chinese imports under Section 301

Potential tariffs on Chinese imports under Section 301

The Office of the U.S. Trade Representative (USTR) released a statement concerning a potential increase of tariffs to 25% on Chinese imports under “Section 301” of the Trade Act of 1974.

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According to the release, the USTR had been directed by the president to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10%, and in response to China’s response, the president further directed the USTR to consider increasing the proposed level of the additional duty from 10% to 25%. The 25% customs duty would be applied to the proposed list of products previously announced in a USTR notice on 10 July 2018.  Read TradeNewsFlash

In light of the possible increase of the additional duty rate to 25%, the close of the written comment period for the July 2018 notice is extended from 30 August to 5 September, and the due date for requests to appear at the public hearing is extended to 13 August 2018.  These modifications to the comment period will be set out in a notice published in the Federal Register.

 

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner, Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

Andy Siciliano
Partner, National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Irina Vaysfeld
Principal
T: 212-872-2973
E: ivaysfeld@kpmg.com

Robert Waldrop
Principal
T: 212-954-8117 
E: rwaldrop@kpmg.com

Christopher Young
Principal
T: 312-665-3229
E: christopheryoung@kpmg.com

George Zaharatos
Principal
T: 404-222-3292
E: gzaharatos@kpmg.com

John L. McLoughlin
Principal, East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal, WNT
T: 212-954-3094
E: labad@kpmg.com

Amie Ahanchian
Managing Director
T: 202-533-3247
E: aahanchian@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

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