Global Trade Alert Message:
China announced this week the first exclusions from its additional 25% tariff on imports of U.S. goods. After the announcement, President Trump delayed the increase of Section 301 tariffs from 25% to 30% until October 15th on $250 billion worth of goods imported from China.
The China tariff exclusions will take effect on September 17th and remain valid for one year. Chinese importers are eligible for refunds on the additional tariffs paid on these goods and will have six months to apply. The goods include, but aren’t limited too, cold water shrimp, alfala meal, fish meals, lubricating oils and grease, pesticides, and more.
More information on the tariff exclusions can be found on the Sandler, Travis & Rosenberg Trade Report here:
www.strtrade.com/f-tariff-actions-resources.html