Update to January 2020 Client Advisory US-China Trade Deal; Phase One Agreement Signed: Possible Impact
2020-02-02

 Dear Valued Customer, 

 

Per our previous advisory, the United States Trade Representative (USTR) announced that duties on list 4A will be reduced from 15% to 7.5% effective February 14, 2020. USTR has now clarified that the lower duty rate will apply to imports with Date of Entry on or after 14 February; this does not apply to shipments moving under an IT which must still be cleared at the port of discharge on or after the 14th.

 

The above may cause appreciable congestion at the port of discharge and we would like to alert you of the possibility in advance. Please contact your OEC customer service representative with any questions or concerns.

 

 

Thank you.

 

 

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.

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