Dear Valued Customer,

According to Sandler, Travis & Rosenberg, U.S. government sources have confirmed that a proposed increase in the additional tariff being imposed on $250 billion worth of imports from China from 25 percent to 30 percent will NOT take effect Oct. 1 but is still planned for Oct. 15.

This proposed increase would affect Tranches 1, 2 and 3.

USTR’s notice said this change would be effective Oct. 1, but the proposal has never been finalized. As a result, the additional tariff on these goods remains at 25 percent.

Subsequent to USTR’s notice President Trump said he would delay the tariff increase to Oct. 15. It now appears that a formal notice increasing the tariff to 30 percent as of that date will be issued soon. However, U.S.-China negotiations are scheduled for Oct. 10-11, which could affect the date and rate of any such change.

Thank you for your attention and cooperation. If you have any questions, please contact your nearest JJB representative.

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