In an unprecedented move, the increase of tariffs on “List 3” goods from China have now been confirmed active going to 25% on Friday, May 10. The Office Of The United States Trade Representative has officially released notice of the increases now confirmed for Friday.
This spells disaster for importers with goods in transit and creates a path of unknown for the immediate future as well as the question of stability for many thousands of companies sourcing abroad.
This statement is not officially published, but the rates and software have already been adjusted. https://www.federalregister.gov/documents/2019/05/09/2019-09681/modification-of-section-301-action-chinas-acts-policies-and-practices-related-to-technology-transfer
From the official release:
OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE
Notice of Modification of Section 301 Action: China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation
AGENCY: Office of the United States Trade Representative.
ACTION: Notice of modification of action.
SUMMARY: In accordance with the direction of the President, the U.S. Trade Representative (Trade Representative) has determined to modify the action being taken in this Section 301 investigation by increasing the rate of additional duty from 10 percent to 25 percent for the products of China covered by the September 2018 action in this investigation. The Trade Representative has further determined to establish a process by which interested persons may request that particular products classified within a tariff subheading covered by the September 2018 action be excluded from the additional
DATES: The rate of additional duty will increase to 25 percent with respect to products covered by the September 2018 action on May 10, 2019.
FOR FURTHER INFORMATION CONTACT: For questions about this notice, contact Associate General Counsel Arthur Tsao, Assistant General Counsel Philip Butler, or Director of Industrial Goods Justin Hoffmann at (202) 395–5725. For questions on customs classification or implementation of additional duties on products covered by the September 2018 action, contact email@example.com.