Section 301 Tariff Update

Section 301 Tariff Update: A 90-day tariff pause between the United States and China has been in effect since December 1. This delay will maintain the tariffs on $200 billion worth of product at the 10% rate instead of the 25% rate that was going to occur on January 1. Both sides are negotiating on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture. If a deal cannot be reached in the 90-days, the tariffs will be raised to the 25% rate.