Today, President Trump announced that the U.S. will begin levying 10% duties on approximately 3,805 HTS subheadings covered in Section 301 List 4, totaling $300 billion in Chinese imports, effective September 1st.

Trump’s decision to walk-back his initial postponement of additional List 4 tariffs on July 1st is due to President Xi’s failure to uphold prior commitments made by the Chinese delegation to increase its agricultural imports from the U.S. and to cease its fentanyl exports to the U.S.

Though Trump threatened to make “no deal at all” should significant progress not be made between the countries, he said that the U.S. will continue to participate in trade negotiations with China.

Importers who may be impacted by the implementation of List 4 should prepare for potential supply chain disruption when the additional duties go into effect at the beginning of next month.

Shapiro will continue to monitor and provide status updates on our Section 301 Tariff News page as they become available.