Dear Valued Customer,
On Monday, May 13, the USTR issued a notice to impose tariffs of up to 25% on an additional List 4 of goods valued at approximately $300 billion. Commodities on this list include but are not limited to livestock, foodstuffs, chemicals, plastics, garments, footwear, housewares, ceramics, glass, steel, iron, aluminum, tools, machinery, electronics, computers, toys, and exercise equipment.
Please see the below schedule for public hearings held by the Section 301 committee under docket number USTR-2019-0004.
At this time, the effective date of List 4 tariffs remains unknown and is dependent on the progress of the hearings. Based on the history of List 2 and 3 proceedings, duty became effective 23-25 days from the due date for submission of post-hearing rebuttal comments. However, it's possible the effective date will be sooner.
OEC Group is following this case closely and will further explain the implications as more information is made available.
For more information, please follow the links below:
Official USTR notice:
Office of the United States Trade Representative Request for Comments Concerning Proposed Action Pursuant to Section 301: China's Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation
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 OEC Group Customer Service Representative.
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.