December 18, 2018
Third Tranche of Section 301 Tariff Increase Postponed for 90 Days
On December 14, 2018, the Office of the United States Trade Representative (USTR) confirmed a 90-day postponement of the tariff rate increase for the third tranche of Section 301 Trade Remedy tariffs. The tariff rate increase was due to take effect on January 1, 2019.
The Section 301 Trade Remedy rate for the third tranche of Harmonized Tariff Schedule of the United States numbers will remain at 10% and will not increase to 25% as originally scheduled. If no agreement has been reached at the end of the 90-day postponement, the 25% tariff rate increase will become effective on March 2, 2019.
For more information, please contact your local FedEx Trade Networks Transport & Brokerage office. For a complete list of office locations, go to ftn.fedex.com/us/locations.
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