Proposes Additional Tariffs on Imports from China
August 23, 2019: U.S. Proposes Additional Tariffs on Imports from China
Aug. 23, 2019: Late this afternoon President Trump posted a series of tweets announcing the next wave of Tariffs on goods coming from China: Starting on October 1st, the $250 billion of goods and products from China, currently subject to a 25% tariff, will now incur a 30% tariff. The remaining $300 billion of goods and products from China subject to a 10% tariff from September 1st, will now incur a 15% tariff.
The September 1st 15% tariffs will be in effect on consumer products, including musical instruments as outlined in the Musical Instruments HTS list 4A linked below. Tariffs have been delayed to Dec. 15, 2019, on certain products including cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing, including some musical instruments as outlined in the Musical Instruments HTS list 4B linked below.
In Summary:
- Lists 1, 2, and 3, all currently tariffed at 25%, will rise to 30% on October 1, 2019
- List 4A, set to take effect on September 1 at 10%, will now be 15% on September 1, 2019
- List 4B, set to take effect on December 15 at 10%, isn’t mentioned to date
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