In the last ten days, the trade war between the United States and China, which had seemed close to resolution, has ramped up significantly. On Sunday, May 5, 2019, President Trump announced via Twitter that the United States was increasing Section 301 tariffs on $200 billion in Chinese products to 25 percent from 10 percent and considering new tariffs on another $325 billion in Chinese imports. The week that followed saw a flurry of notices from the Office of the United States Trade Representative (USTR) implementing the tariffs, from U.S. Customs and Border Protection (CBP) regarding the implementation of the tariffs, and from the Chinese Ministry of Finance imposing retaliatory tariffs on U.S. goods. Between these actions, USTR also announced developments regarding products excluded from the Section 301 tariffs. To ensure awareness of the recent developments, impacts thereof, and relevant dates, we provide the following quick reference chart.
Action |
Issuing Entity |
Date Issued |
Effective Date / Key Information |
Increased tariffs on "List 3" goods from China from 10% to 25%. |
USTR |
May 9, 2019 |
|
Announcements of forthcoming exclusion process for "List 3" goods |
USTR |
May 9, 2019 |
|
Clarification regarding those imports impacted by the tariff increase |
CBP |
May 10, 2019 |
|
China announced retaliatory tariffs on an additional $60 Billion of U.S. goods |
Ministry of Finance of the People's Republic of China |
May 13, 2019 |
|
Proposed additional tariffs on approximately $300 billion of Chinese goods ("List 4") |
USTR |
May 13, 2019 |
|
Issued new round of product exclusions from "List 1" |
USTR |
May 14, 2019 |
|
Venable's International Trade Group continues to monitor trade developments. If you have any questions regarding how increased or proposed tariffs may affect your business, or you wish to submit public comments or testify at the public hearing, Venable's International Trade Group is available to advise and assist.