New China Tariff Exclusions
October 1, 2019
Trump Announces Delay of List 1-3 Escalation and Updated Rate on Merchandise Processing Fee
President Trump sent the following tweets 9/12/19, announcing that tariffs on List 1-3 items will increase from 25% to 30% on October 15th, rather than on October 1: “At the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary…on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.”
This decision follows China’s announcement earlier today that China is exempting 16 items from the retaliatory tariffs it has imposed on American products, including some medicines, insecticides and other products (although not U.S. agricultural goods).
PLEASE NOTE: Effective 10/1/19 MPF is changing:
The Merchandise Processing Fee (MPF) ad valorem rate of 0.3464% will NOT change. The MPF minimum and maximum for formal entries (class code 499) will change. The minimum will change from $26.22 to $26.79 and the maximum will change from $508.70 to $519.76.
Additional information may be obtained by contacting your Western Overseas representative.
