Phase One Economic and Trade Agreement has been signed by the United States of America and China on January 15, 2020. The U.S. has suspended some tariffs increases on List 4B until further notice. The USTR also issued a Federal Register Notice reducing the rate of additional tariffs on List 4A products to 7.5%, effective February 14, 2020. Goods on List 4A are currently subject to a 15% additional tariff, effective Sept. 1, 2019.
To access List 4A:
https://www.strtrade.com/assets/htmldocuments/USTR%20301%20List%204A.pdf
Sec 301 additional tariffs imposition under List 1, 2, 3 will remain intact.
Flegenheimer International will continue to monitor and provide any further updates.
Flegenheimer Team
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