Additional Tariff Announced on Imports from China
For Immediate Release -- August 6, 2019
Dear Valued Customer,
On August 1, 2019, President Trump announced that an additional tariff of 10% will be imposed on an additional $300B of imported goods from China, referred to throughout the various tariff discussions as “List 4”. The 10% tariff will commence on September 1, 2019. The proposed list includes virtually all remaining items imported from China that were not covered in the previously imposed tariffs under Section 301. A Federal Register notice has not been issued yet but is expected to be released clarifying the details of the requirements prior to the September 1st start date.
As these Section 301 lists have been introduced, entities have been able to provide feedback, public commentary, and, when able to support sound reasoning for the need to procure a specific good from China, request exclusions from these tariffs. The United States Trade Representative held a public hearing in June on the List 4 proposal, but has not announced any changes to the products listed, nor if there will be an additional exclusion process for List 4.
This is a fluid situation and we will continue to monitor and keep you informed of any developments. As with previous notifications, we continue to mitigate any risks of tariff and increases in costs by shifting our supply chain globally; however, given the magnitude of List 4, and the global capacity of supply, there will be an impact to certain product groups.
We appreciate your partnership and will continue to provide information as it becomes available.
Vice President Strategic Procurement, Quality and Profitability
Wurth Industry North America
About Würth Industry North America
Würth Industry North America (WINA) is a division of the Würth Group, the world’s largest fastener distribution company. WINA is a strategically aligned collective of companies consisting of more than 110 locations across North America. Through the pairing of more than 420,000 parts with a myriad of services, WINA provides custom solutions for almost every industry. Würth products and services include engineering assistance, quality control, inventory management, vending, safety supplies, kitting and assembly, structural fasteners and MRO/industrial supplies. In addition, WINA systems ensure security and quality control through superior supply chain management. For more information on Würth Industry North America, go to wurthindustry.com.
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Würth Industry North America Key facts:
- 110 locations across North America, Mexico, and Brazil
- More than 2,000 employees
- More than 420,000 standard parts
- Part of the Würth Group, which operates 400 companies in more than 80 countries and has more than 74,000 employees
North America Contact:
Becky McMorrow, WINA Marketing, Tel: +1 312-618-0336 , Email: email@example.com