On Thursday, August 1, 2019, President Trump announced via twitter an additional 10% tariff on $300 billion worth of Chinese products (“List 4”). This is the fourth round of tariffs in the ongoing trade war between the U.S. and China. The List 4 tariffs were proposed on May 13, 2019 (see our previous post here).
President Trump indicated that the tariffs will begin on September 1, 2019 at a 10% duty rate and come as a result of China not purchasing large quantities of U.S. agricultural products and its continued sales of fentanyl.
https://twitter.com/realDonaldTrump/status/1156979443900067841
We will continue to monitor this situation closely. For more information on the Section 301 tariffs on China, please contact Jeffrey Neeley, Nithya Nagarajan, Cortney Morgan, Robert Stang, or Beau Jackson.