Background

In response to a recent reduction in the U.S. Section 301 tariffs on imports from China, that country’s Ministry of Finance has announced a reciprocal reduction in its additional tariffs on U.S. goods.

Effective Feb. 14 at 12:01 a.m. EST, China will (a) lower from 10 percent to 5 percent the additional tariff on 916 tariff lines covering fruits, nuts, meats, seafood, and other products (parts 1 and 2 of batch 3, list 1) and (b) lower from 5 percent to 2.5 percent the additional tariffs on 801 tariff lines covering soybeans, oil, plastic products, cosmetics, photographic film, and other products (parts 3 and 4 of batch 3, list 1). These tariffs have been in place since Sept. 1, 2019.

However, there is still a significant number of goods subject to China’s additional tariffs, including the following.

- 128 tariff lines subject to 15 or 25 percent tariffs since April 2, 2018

- 517 tariff lines subject to 25 percent tariff since July 6, 2018

- 217 tariff lines subject to 25 percent tariff since Aug. 23, 2018

- 5,140 tariff lines subject to 5, 10, 20, or 25 percent tariff (tariffs of 5 or 10 percent were imposed Sept. 24, 2018 and adjusted June 1, 2019)

For more information or assistance in developing an effective strategy for mitigating these tariffs, please contact Harry Zhang.

Close

Cookie Consent

We use cookies on our website. By continuing to use our website, you agree to the Privacy Policy and Terms of Use.