On Wednesday, September 11, 2019, the president of the United States announced that “as a gesture of good will” the United States will delay the 5% increase in tariffs on $250 billion worth of Chinese imports originally scheduled for October 1, 2019. The increase is now scheduled for October 15, 2019.
This change effects only the first three tariff lists as follows:
- List 1 – $34 billion – will increase from 25% to 30%, effective October 15, 2019.
- List 2 – $16 billion – will increase from 25% to 30%, effective October 15, 2019.
- List 3 – $200 billion – will increase from 25% to 30%, effective October 15, 2019.
Note: The comment period deadline for Lists 1-3 is September 20, 2019. For additional information regarding the comment period and process, please refer to the August 30, 2019, Noatum Logistics USA Supply Chain Alert.
For more information, please contact your local Noatum Logistics representative.