Official Retaliatory Tariff List Published Today
Today's federal register published the complete text of the WTO ruling and list of products subject to additional tariffs effective at 12:01am on October 18th. We are attaching a link to the publication for your review. Upon making entry, the customs broker will utilize the additional chapter 99 number provided in the US Harmonized Tariff Schedule (shown in the attached publication) as a separate line item and the 25% duty will be calculated under this separate HTS code. The amount will be in addition to any "normal" duty paid and must be paid at the same time, maximum 10 days from the customs clearance date.
We are reviewing all the details of the new law, including the impact on bonded entries and Foreign Trade Zone entries, and will provide further details as clarified.
Should you have any immediate questions or concerns, please feel free to contact us.