List 3 (AKA the $200 Billion List) Update


December 2, 2018

Dateline December 1, 2018 – the White House has issued a press release following President Trump ‘s dinner with China’s President Xi Jinping.

President Trump has stated that on January 1, 2019 he will leave the 10% tariffs in place for the List 3 (aka the $200 billion) HTS list.  The tariffs will not increase to 25%.

However …

Both presidents agreed to begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture. The parties agree that they will endeavor to have this transaction completed within the next 90 days (the 90th day is March 1, 2019). If at the end of the 90 days the parties are unable to reach an agreement, the 10% tariffs will be raised to 25%.

The press release did not discuss reducing or ending the 25% tariffs on HTS items on List 1 (aka the $34 billion list) or List 2 (aka the $16 billion list). 

Instructions to request an exclusion for HTS subheadings on List 3 have not been published.

For further information or questions about this or other customs issues, contact George R. Tuttle, III at geo@tuttlelaw.com or at (415) 986-8780.

George R. Tuttle, III is an attorney with the Law Offices of George R. Tuttle in the San Francisco Bay Area.

The information in this article is general in nature and is not intended to constitute legal advice or to create an attorney-client relationship with respect to any event or occurrence and may not be considered as such.

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Information has been obtained from sources believed to be reliable.  However, because of the possibility of human or mechanical error by our offices or by others, we do not guarantee the accuracy, adequacy, or completeness of any information and are not responsible for any errors, omissions, or for the results obtained from the use of such information.

 

 

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