Additions to Imports from China Plus New Items from the European Union
For Immediate Release -- October 17, 2019
Dear Valued Customer,
In August, the United States Trade Representative (USTR), held a review process on a published list of products (List 4) that would impose an additional tariff on $300B of imported goods from China. As the review process ended, there was a determination that the list be split into two lists, 4A and 4B, with two implementation dates. As of September 1, 2019, those products listed on 4A incur a 15% tariff when imported from China. For products listed on 4B, a 15% tariff will be assessed on entries beginning on December 15, 2019. The combined list covers nearly all products not already identified under previously implemented lists for Section 301 additional tariffs.
Recently announced is a proposed increase to the tariffs already being assessed on nearly $250B of imports from China identified in Lists 1 through 3. Items from China found on Lists 1 through 3 have been subject to a 25% assessment at time of import, and it was stated that this will increase to 30%, beginning October 15, 2019. The USTR has citied implementation requirements given by President Trump in response to retaliatory “unjustified tariffs targeting U.S. products” (https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/august/ustr-statement-section-301-tariff). The formal official notice of this increase has yet to be published; however, we are watching this situation closely.
Added to the list of tariff assessments, certain products from the European Union are also set to be assessed with a 25% tariff, beginning October 18, 2019. Although the list is not as comprehensive as those imposed in the China lists, there are products which will be impacted in our programs.
As with previous notifications, we continue to mitigate any risks of tariff and increases in costs by shifting our supply chain globally. Given the significant coverage of products under the various lists, despite our best efforts, there will be impact to a portion of the business that we serve for you.
Wϋrth appreciates the significant pressures that you face in this macroeconomic environment, and the effect that these events have. We appreciate your partnership and we will work closely with you to overcome the challenges.
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.
For news updates from Würth Industry North America visit:
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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: firstname.lastname@example.org