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U.S. tariffs on imports from China

U.S. tariffs on imports from China

The Office of the U.S. Trade Representative (USTR) on May 10, 2019, released a statement regarding additional action under Section 301 of the Trade Act of 1974. The USTR today, May 13, 2019, released a notice for publication in the Federal Register that provides a list of imports from China that are not subject to the 25% additional customs duty under the Section 301 action.

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According to the USTR statement (May 10):

  • The United States increased the level of tariffs from 10% to 25% on approximately $200 billion worth of Chinese imports.
  • The USTR began the process of raising tariffs on essentially all remaining imports from China valued at approximately $300 billion. The process for public notice and comment will be published in the Federal Register.

Today’s USTR notice [PDF 287 KB] provides the list of excluded imports (products of China) that will apply for one year after May 14, 2019 (the date of publication of this notice). An annex to today’s USTR notice lists the exclusions in 35 specially prepared product descriptions, covering 429 separate exclusion requests. The exclusions are available for any product that meets the description in the annex, regardless of whether the importer filed an exclusion request. Also, the scope of each exclusion is governed by the scope of the product descriptions in the annex to the USTR notice, and not by the product descriptions set out in any particular request for exclusion.

U.S. Customs and Border Protection will issue instructions on entry guidance and implementation.

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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