On August 1st President Trump announced his intention to assess 10 percent additional duty starting September1, 2019 on remaining imports from China. The Section 301 additional duties will be imposed on products that are on “List 4”, with an annual trade value of approximately $300 billion. The USTR published the preliminary List 4 in the May 17, 2019 Federal Register, and public hearings were held in June. The Office of the U.S. Trade Representative said, "this list covers essentially all remaining imports from China. The proposed product list excludes pharmaceuticals, certain pharmaceutical inputs, select medical goods, rare earth materials, and critical minerals." At this point we must wait until the U.S. Trade Representative (USTR) publishes the final list and posts the legal notice in the Federal Register in order for the tariff to take effect.
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