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04/13/2018

Update: Section 301 Proposed Tariffs

Dear Valued Customer,

 

Following the recent release by the United States Trade Representatives indicating a "possible" 25% additional tariff on selected products imported from China, OEC Group is assessing the potential impact this may have on your future shipments. Please be advised that this is a "proposed determination of action" published by USTR that is subject to change through bilateral dialogues. Therefore, the situation is fluid at the moment. With so many geopolitical factors affecting the outcome of negotiations between the USA and China, there is no way of knowing which items, if any at all, will ultimately be applicable to this measure.

 

The USTR proposed list covers 1,300 tariff numbers including but not limited to the following affected products:

29 - Chemicals
30 - Medicines
40 - Some rubber, tires & conveyor belts
72 - Iron / non alloy steel
73 - Alloy steel
76 - Aluminum
84 - Machinery and mechanical appliances, including machinery used in manufacturing textiles and apparel
85 - Electrical machinery, television image and sound recorders and reproducers
86 - Railway / tramway
87 - Motor vehicles
88 - Planes and helicopters
89 - Boats
90 - Glass and microscopes
93 - Guns
94 - Seats for aircraft, part of seats for motor vehicles
Please see the original publication by The Office of The United States Trade Representative via below link:

https://ustr.gov/sites/default/files/files/Press/Releases/301FRN.pdf
   

OEC Group is committed to keeping our customers informed on current market conditions and will continue to monitor the situation as it develops.

 

Should you have any questions regarding this update, please contact your customs house brokerage representative.

 

Sincerely yours,

 

OEC Group

 
 

The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement.

http://www.oecgroup.com
 

 

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