On July 6, 2018, tariffs against imported Chinese products took effect. The 25% duty that is assessed is based on the country of origin not the country of export and applies only to Chinese products. The tariffs range across industries and include aerospace, technology, robotics and machinery. There were two lists published on June 15, 2018. The first list added 818 tariff lines valued at $34 billion worth of imports to the Section 301 tariffs. The second list, expected to go into effect later this summer, is expected to add 284 product lines worth $16 billion.
Consultation with your Customs Broker is essential to understand if any of your imported products are subject to the tariffs from the July 6th list or the second list expected to become effective this summer. The following steps will assist in determining to follow up actions to mitigate the additional duty expense for your imported products that are subject to the new tariffs.
For further consultation within Rockfarm please reach out to John Yarwood, President of Rockfarm’s International Services at firstname.lastname@example.org or fill out our online contact form. You can also speak to one of our representatives at 815.573.0155.
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Brad’s journey into logistics began as a Marine Officer and transitioned from the LTL docks to the non-asset side within the logistics service provider arena. As a co-founder of Rockfarm, Brad drives our business development efforts and delivery of our promise. An Arizona native, Brad enjoys spending time outdoors in his home state with his wife and family.
“Our approach to the market allowed us an opportunity to push forward in 2008 and enable our mission, “lower the cost to serve” to stand as a cornerstone to our company today.”