Tariffs, International, Industry News

International Market Update: 3 Tariff Rounds To Be Aware Of

By Point To Point on December, 12 2018
Point To Point

CHINA TARIFFS  --  There are currently 3 rounds of increases targeting 3 different groups of products and HTS#’s from China, PRC.   Click on the yellow numbers below to access the HTS listing for each round. 

 Round 1 -- 25% went into effect on July 6.

 Round 2 -- 25% was effective August 23.

 Round 3 -- is being implemented in 2 phases.  Phase 1 is 10%, effective Sept 24, and Phase 2 will add an additional 15% on Jan. 1, 2019. UPDATE: The increase to 25% for List 3 is now delayed indefinitely.  However, the increase to 25% could come with little notice, if a trade deal with China is not reached soon. 

We will be happy to answer your questions about these tariffs and their effect on your supply chain costs, but please know that this research can take quite a bit of time, and there will be some costs for this effort. 

STEEL & ALUMINUM -- While there have been additional tariffs on these two commodities from virtually all countries since March 23 in the amounts of 25% and 10% respectively, the tariffs on these items from Turkey is now 50% and 20%, respectively.  For a list of affected articles, see HERE

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