President Trump made a surprise tariff announcement today that will impose a new 10% tariff on $300 billion worth of Chinese imports with an effective date of September 1st. This move came after trade talks between the U.S. and China in Shanghai this week.

While President Trump remarked that the talks were constructive, he tweeted that the new tariffs were in response China’s desire to renegotiate a previous deal prior to signing, as well as the failure to buy US agricultural products and stop fentanyl sales as promised. China insists it has purchased millions of tons of U.S. soybeans since July 19th, as well as cotton, pork and sorghum.

This new tariff would be in addition to previously applicable tariffs. The new list of affected products covers apparel, footwear, manufactured textile products, amongst other items. The proposed list can be viewed here: https://ustr.gov/issue-areas/enforcement/section-301-investigations/section-301-china/300-billion-trade-action

It is unclear whether these tariffs will be lifted should China be deemed compliant with U.S. demands. In this ever-changing trade environment, CPI is here to support you. Take a look at our tariff and trade resources for manufacturers and do let us know if you have any questions!

Check if your product(s) will be affected by searching on the HTS code:

https://ustr.gov/issue-areas/enforcement/section-301-investigations/search 

CPI No-Cost Webinar: Business Continuity Solutions for US Tariffs on Chinese Imports:

http://webinar.co-production.net

• Panel of customs broker and manufacturing in Mexico experts help you plan for tariffs when first announced in May 2018.
• List 1, List 2, and List 3 of the HTS codes subject to the new US tariffs on Chinese imports
• Best practices for purchasing Chinese imports from distributors
• How to file for exemptions
• The New NAFTA: United-States-Mexico-Canada Agreement (USMCA)
• Shifting operations: Manufacturing in Mexico overview
• What is a Mexico shelter company and what are the benefits for manufacturing in Mexico?

How Co-Production Manufacturing Can Help You Mitigate Chinese Section 301 Tariffs:

https://www.co-production.net/mexico-manufacturing-news/section-301-chinese-tariffs 

Background on U.S.-China Trade War and First Round of Tariffs on Chinese Imports:

https://www.co-production.net/mexico-manufacturing-news/us-tariffs-chinese-goods