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USTR Publishes Notice on Increase in Section 301 List 3 Tariff Rate - Taxation News

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Tax News


Posted on: May 9, 2019

From LexBlog:

On May 8, 2019, USTR released its federal register notice on the sudden tariff increase on the third tranche (List 3) Section 301 tariffs on China. The duty rate on the estimated $200 billion worth of Chinese products will increase from 10% to 25% effective 12:01am ET on Friday, May 10, 2019. The notice also announces that an exclusion process will be instituted for these products in a separate notice.

The rate increase to 25% means that entries of goods

(i) entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on May 10, 2019, and

(ii) exported to the United States on or after May 10, 2019

will now be subject to an additional tariff of 25%. Entries must be subject to both qualifiers-meaning that if a shipment has been exported prior to May 10, 2019 it will still be subject to the 10% duty rate.  However, if the shipment is exported after 12:01am ET on May 10 the 25% duty rate will apply.

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