In response to earlier tweets from President Trump, on August 30, the United States Trade Representative (USTR) announced an increase in tariff rates from 10 to 15% on the list of Chinese imported goods originally published on August 20. Items covered in Annex A of the applicable Federal Register notice will have an additional 15% duty rate beginning September 1, 2019, and the additional 15% duty rate will go into effect for those items in Annex C on December 15, 2019. These tariff increases are the latest in a series of escalations of trade tensions between the two countries, directly following Beijing’s announcement of new tariffs on $75 billion of U.S. goods earlier in the week.
For more information on how this could impact your business, contact:
- Martin Lutz, Partner (firstname.lastname@example.org, 512-495-6024)
- Lindsey Roskopf, Attorney (email@example.com, 713-615-8534)
- or another member of the McGinnis Lochridge International Trade and Transactions Practice Group