Q1: What’s new? Starting Monday 9/24, US Customs will collect an additional 10% tariff on $200 billion worth of Chinese-origin imports.
Q2: Just 10%? Is that it? Nope. Starting 1/1/19, this additional tariff will rise another 15%, up to 25% additional tariff (unless negotiations are successful).
Q3: How can we avoid paying this 25%? JMC is working with many of our clients to accelerate their shipment, to arrive before 1/1/19. This can save them the difference (25%-10% = 15% possible savings)
Q4: How do we determine if OUR items are impacted? The list contains 5,745 full or partial tariff lines. Note that there are two parts the list: Part 1 products are fully covered (pages 1-18). Part 2 lists products that are classified in the 8‐digit subheadings of the Harmonized Tariff Schedule of the United States (HTS) that are partially covered by the action (pages 19-31).