Ascent Global Logistics Blog

Ascent__mount_icon-1.png

TARIFF ALERT: S301 List 3 Tariff Rates Could Increase to 25%

Posted by Ascent Global Logistics on May 6, 2019 11:57:33 AM

On Sunday, May 5, the Administration announced that List 3 of the S301 tariffs, which are currently at 10% on $200 billion of Chinese imports, will be increasing to 25% effective Friday, May 10, 2019. Trade talks continue with China but are not progressing as hoped. 

List 1 and List 2 were implemented at 25% and some exclusions have been granted on those two lists. However, no exclusion mechanism has been granted thus far on the List 3 tariffs while at 10%. With List 3 moving to 25% it is expected that a tariff exclusion option will be provided by the United States Trade Representatives. 

Further discussion included a possible List 4 which would encompass the remaining tariffs that have not been included thus far.

If you have additional questions, please contact us or reach out to your Ascent Global Logistics representative directly. 

Topics: International Freight Forwarding, Tariffs, International Trade