The United States Trade Representative (USTR) Office has confirmed that tomorrow – Friday, July 6 – remains the date that U.S. Customs and Border Protection will start collecting Section 301 tariffs on more than 800 items imported from China. Whether your business is automotive, chemicals, textiles, consumer products, or other products, you may be adversely impacted. We encourage companies to evaluate their international supply chain, including current procurement practices (supply agreements, as well as terms and conditions of purchase), logistics, and how to plan for future international trade restrictions and enforcement.
In our recent conversations with manufacturing and distribution clients, particularly small to midsize companies, we are hearing that many of them are still attempting to understand how the machinery, equipment, products, and parts thereof included in this USTR action will affect their day-to-day operations. You can find the updated USTR list – and additional information about the tariffs – here.
For more information, please contact us or your regular Parker Poe contact.