Last night, the Trump administration released a list of Chinese goods that will be subject to an additional 10% tariff; that are worth up to $200 billion dollars. This 10% tariff would be an addition to the July 6th, 25% tariff increase and is due to concerns with China's policies on intellectual property protection. However, there is no effective date yet and will undergo a 2 month review. If you have any questions, please fill free to contact your sales representative or email firstname.lastname@example.org
To view the entire list, please click the button below. Scroll to page 11 on the list.
List of Chinese Goods subject to 10% increase
Below are some recommendations to minimize the 10 to 25 percent tariff increase.
Assembled vs. Unassembled: Importers should consider checking with their broker on importing products that are unassembled or unfinished, if their finished product has a higher duty rate. Many imported products that are unfinished can qualify for a lower or free duty rate compared to the finished product.
Substantial Transformation: If a product undergoes "substantial transformation", an importer can change the country of origin. The product needs to have a new name, new character, and new use. For example, if you ship sand to Taiwan and they use the sand to make a lamp. The sand underwent substantial transformation, and the country of origin would change to Taiwan instead of where the sand came from originally.