USTR officially postpones tariff hike on Chinese goods

The Section 301 tariffs across $200 billion of Chinese goods had been set to increase to 25 percent at the beginning of the new year.

USTR officially postpones tariff hike on Chinese goods

The Section 301 tariffs across $200 billion of Chinese goods had been set to increase to 25 percent at the beginning of the new year.

USTR officially postpones tariff hike on Chinese goods

The Section 301 tariffs across $200 billion of Chinese goods had been set to increase to 25 percent at the beginning of the new year.

 
The Office of the U.S. Trade Representative on Wednesday issued a notice officially postponing the increase of 10 percent tariffs across $200 billion worth of goods from China in 2017 import value to March 2.
    The Section 301 tariffs had been set to rise to 25 percent on Jan. 1, until U.S. and Chinese delegations agreed during a Dec. 1 meeting to hold off on imposing additional tariffs for 90 days while pursuing a lowering of trade tensions.
    USTR had announced the planned increase on Sept. 21.
    “The Trade Representatives decision to modify the September 2018 action takes into account the extensive public comments and testimony, as well as advice from advisory committees, concerning the actions proposed in the notices issued in advance of the September 2018 action,” the USTR notice says. “The Trade Representatives decision also reflects the advice of the interagency Section 301 Committee.”

We are seeing many more pricing requests for Southeast Asia and the Indian subcontinent. Few actually moved their supply chains outside of China because this will take time, especially for larger shippers. However, Taiwan and South Korea are in a unique situation: Some manufacturing had shifted to mainland China in the last decade due to lower costs, but that infrastructure is still in Taiwan and South Korea. Some manufacturing may temporarily shift back there until Southeast Asia infrastructure catches up. 

South Carolina Ports Authority reported its busiest May in history as it handle 204,457 TEUs. Overall, its fiscal year-to-date totals are up 9.7% to 2.2 million TEUs.

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USTR officially postpones tariff hike on Chinese goods

The Section 301 tariffs across $200 billion of Chinese goods had been set to increase to 25 percent at the beginning of the new year.

Dec 20, 2018 on Dec 27, 2018AmericanShipper.com

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USTR officially postpones tariff hike on Chinese goods

The Section 301 tariffs across $200 billion of Chinese goods had been set to increase to 25 percent at the beginning of the new year.

Dec 20, 2018 on Dec 27, 2018AmericanShipper.com