The White House has announced that the U.S. and China agreed to provide more favorable tariff treatment for approximately $30 billion in bilateral trade.
For U.S. imports, the White House released a list of 77 tariff classifications covering Chinese-origin products that will receive more favorable tariff treatment.
Implementation details are still pending:
The specific tariff treatment, effective dates, and implementation procedures have not yet been announced.
For importers:
Review the U.S. list to determine whether any Chinese-origin products you import are included.
For exporters:
China has released its own list covering approximately $30 billion in U.S. exports. U.S. exporters should review the list to determine whether their products are affected.
Review your current tariff classifications against the newly released lists. No implementation action should be assumed until additional government guidance is issued.
A.N. Deringer will continue monitoring developments and provide updates as more information becomes available.
Due to the rapidly changing application and modifications of duty rates, please note that Deringer is not responsible for coordinating the timing of U.S. entry and imposed tariff rates.