White House Imposes Section 301 Tariffs on 60 Countries Ranging from 10-12.5%, Effective July 24

The Office of the U.S. Trade Representative (USTR) announced this evening, July 23, that it will proceed with imposing Section 301 tariffs on products from 60 countries ranging from 10% to 12.5%.

USTR said the Section 301 tariffs become effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. ET on Friday, July 24, except that goods loaded onto a vessel at the port of loading and in transit on the final mode of transit before 12:01 a.m. ET on July 24 and entered for consumption or withdrawn from warehouse for consumption before 12:01 a.m. ET on July 28 shall not be subject to such additional duty.

U.S. Trade Representative Jamieson Greer said USTR took final action, at the direction of President Trump, in USTR’s Section 301 Investigations into the Acts, Policies, and Practices of Various Economies Related to the Failure to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Labor.

“Trading partners that have made commitments to adopt, and effectively enforce, forced labor import prohibitions will have a 10% tariff, and trading partners that have failed to adopt a forced labor import prohibition will have a 12.5% tariff rate,” USTR said in a statement.

The imported products which are impacted by these Section 301 tariffs and related HTS numbers, as well as those products which are exempt, are listed in this Federal Register notice.

We will continue to monitor this White House action and provide relevant updates from Customs and Border Protection (CBP) as soon as available.

For further questions or discussion, please contact your South East World Wide (Chicago), Ltd. Sales Representative.