Following a breakdown in ongoing trade talks between the U.S. and China, on August 1, President Trump announced his intent to impose a 10% duty on another $300 billion worth of Chinese goods coming into the United States. On August 13, the United States Trade Representative (USTR) submitted a press release describing next steps in the process of implementing the additional tariffs, which will begin to take effect on some items entering the U.S. on or after September 1, 2019, including animal and plant products, alcohol, clothing, various foods and spices, and numerous metals. Certain consumer goods products, such as cell phones, laptops, monitors, game consoles, and certain toys, will not be subject to the 10% duty rate until December 15, 2019. The USTR released a Federal Register notice on August 20, containing details regarding the implementation of these additional tariffs.
For more information on how this could impact your business, contact:
- Martin Lutz, Partner (email@example.com, 512-495-6024)
- Lindsey Roskopf, Attorney (firstname.lastname@example.org, 713-615-8534)
- or another member of the McGinnis Lochridge International Trade and Transactions Practice Group