Region: The Americas
President Trump announces delay for increased Section 301 tariffs on China
ARLINGTON, Virginia, 3 October 2019: US President Donald Trump tweeted on September 11 that he will delay by two weeks – to October 15 – the 5 per cent (from 25-30%) increase in Section 301 tariffs on USD 250 billion worth of goods, “at the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th anniversary… as a gesture of goodwill”, AHRI said through a Press release.
On September 3, the release said, the Office of the United States Trade Representative (USTR) formalized the increase in tariffs on the first three rounds (approximately $250 billion) of Section 301 tariffs, as described in AHRI’s September 3 International Affairs Alert. AHRI will notify members once the USTR formalizes via a Federal Register notice the afore-mentioned two-week delay, the release said.
According to the release, the tariff rate increases affect many AHRI member products, as previously analyzed by AHRI here. Members are encouraged to review China’s tariff lists to ensure a complete analysis, the release said. For a full list of AHRI products and components affected by Section 301 tariffs, the release quoted AHRI as asking members to consult its Tariff Tracker.