Following our previous communications on this matter, we inform you that US President Donald Trump has confirmed “Phase One” of the Trade Deal with China.
This means that the 15% tariff increase scheduled for December 15th on List 4B has been delayed.
During “Phase One” a reduction of the 15% additional duty on List 4A to 7.5% is also expected to take place, but an official starting date has not been communicated yet.
As of right now the 25% additional duty will remain on lists 1,2, and 3.
Our Customs Consultancy Department is at your complete disposal to study your case and to support you.
We shall keep you informed about further developments..