According to the Office of the U.S. Trade Representative, Section 301 tariffs on imports from China remain in effect following numerous requests by domestic industries. Despite months of speculation, the White House has made no announcement about changes to these tariffs.
It has been thought there was a possibility of lowering tariffs on some consumer items given the rising domestic inflation. But, with the increasing tensions between U.S. and China and the U.S. midterm elections just nine weeks away, changes appear to be on hold.
The USTR is about to solicit comments from all interested persons on issues such as the effectiveness of the tariffs in achieving the objectives of Section 301. USTR states that the process “will be set out in subsequent notices,” and it is not known when that may occur or if there is any specific timeframe.
We will keep you apprised of any developments regarding this ongoing situation. Thanks to Sandler, Travis & Rosenberg, P.A for providing key information to this post.