Tariffs on $250 billion worth of imports from China will not be increased to 30 percent on Oct. 15 after the U.S. and China announced an agreement in principle on the first phase of a broad trade agreement. However, the agreement has no other effect on the additional tariffs the U.S. has in place on nearly $400 billion worth of Chinese goods, which currently range from 15 percent to 25 percent.
(Click here to listen to ST&R’s “Two Minutes in Trade” podcast about this development.
TIA Letter Sent to President Trump on behalf of the tennis manufacturers, retailers and businesses
ALERT: Jan. 31, 2020 Deadline to Request Exclusions from 15 Percent Tariff on China List 4A Goods Read more
TIA retained ST&R International Trade, Customs & Export Law group to help tennis industry manufacturers with efforts to have tariffs* excluded on tennis equipment and appeared at the USTR public hearing in DC on June 25th.
* Sandler, Travis & Rosenberg P.A., shares eight possible strategies for companies to consider as they deal with increased tariffs on the products they import from China.
1. ABC - Anywhere But China
2. Product-specific exclusion requests
4. Tariff/Origin Engineering
5. First Sale Valuation
6. FTZ/Bonded Warehouse
7. Duty Drawback
8. 321 De Minimis
Stay informed on what you need to know, what action you need to take and how to work together!