Additional Tariffs on China List 4 Goods on Hold; List 3 Exclusion Requests Being Accepted
President Trump announced June 29 following a meeting with Chinese President Xi Jinping that the U.S. will suspend plans to impose additional tariffs of up to 25 percent on so-called List 4 goods from China, which have a current import value of approximately $300 billion.
At the same time, the process for seeking product-specific exclusions from the additional tariff on List 3 goods opened June 30 and all such requests are due by Sept. 30. Companies that import goods on this list should seek exemptions, which, if granted, will be effective for one year and retroactive to Sept. 24, 2018, meaning refunds of tariffs already paid can be obtained.
© 2019, Sandler, Travis & Rosenberg, P.A. Originally published in the [July 1, 2019] issue of the Sandler, Travis & Rosenberg Trade Report. Reprinted by permission
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