The Office of the U.S. Trade Representative (USTR) has officially announced that the additional 15% tariffs on $160 billion of List 4B products that were set to take effect on December 15^th are suspended indefinitely.

Per our previous Flashes, President Trump announced last Friday that the U.S. would not be imposing the additional 15% tariffs as part of “Phase One” of the U.S. – China Pact.

The notice doesn’t include any additional information regarding Trump’s vow to reduce by half (to 7.5%) the 15% tariffs on $120 billion of List 4A products that took effect on September 1^st. While there is not yet an effective date for this planned reduction, USTR officials expect to issue another notice regarding the applicable duty reduction for List 4A products in the near future.

Click here to view the USTR notice scheduled to be published in the Federal Register tomorrow – December 18^th.

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