Most believe with the trade war that they will not be paying peak season surcharges this year. Are they right?
The Office of the United States Trade Representative intends to publish a notice in the Federal Register next week that extends the amount of time certain goods exported from China have to enter the United States before they will be subject to an additional tariff increase from 10 percent to 25 percent.
Covered products that were exported from China to the United States prior to May 10, 2019 will remain subject to an additional 10 percent tariff if they enter into the U.S. before June 15, 2019. Originally, the deadline to enter the U.S. before the goods would be subject to an additional 25 percent tariff was June 1, 2019.
This limited extension will further account for customs enforcement factors and the transit time between China and the United States by sea.
List of 4th Round of Proposed New Tariffs on Chinese Goods https://ustr.gov/issue-areas/enforcement/section-301-investigations/section-301-china/record-section-301
New threats that even more additional duties will be levered on Chinese products.
Watch this video for proven strategies to reduce your costs.
Actions taken by the US Government threaten to end GSP.