China tariffs set to increase to 25% on Friday, May 10th.

Donald_Trump_official_portrait

Official portrait of President Donald J. Trump, Friday, October 6, 2017. (Official White House photo by Shealah Craighead)

According to the Federal Register, the US is set to increase the tariffs on Chinese goods from 10% to 25%. The increase in tariffs are goods specified on “List 3” that were initially set to increase in March 1st in hopes the US and China could reach a trade deal.

The Federal Register notes that China has not followed through with their previous commitments in earlier negotiation rounds, resulting in the new expected increase.

If you have any questions about potential duty savings or are interested in an “exclusion request”, contact experienced trade attorney David Hsu at 832-896-6288 or by email at attorney.dave@yahoo.com.

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