US-China Trade Deal; Phase One Agreement Signed
2020-01-16

Dear Valued Customer, 

 

The Office of The United States Trade Representative (USTR) announced the signing of Phase One of the US-China trade deal. As a result, List 4A duty will be reduced to 7.5% from 15% effective February 14, 2020. The tariffs on Section 301 Lists 1, 2, and 3 will remain intact until US and China reach a future agreement. 

 

Please click here for a complete list of tariff classification codes affected by this change.

 

We will continue to closely monitor the situation and will issue updates as we know more about how this may impact your business.

 

 

 

List

Import Value Impacted

Duty Rate

Effective Date

1, 2, 3

$250 billion

25%

Current

4A

$120 billion

7.5%

2/14/2020*

4B

$180 billion

Indefinitely Suspended

Current

* To be determined if any other mitigating factors will affect the date of entry

 

For the full scope of this action, please review the USTR publication below:

 

USTR Phase One Trade Agreement Signed

 

Should you have any additional questions please contact your sales or customer services representative. 

 

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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