Yesterday, the U.S. and China signed the Phase One Agreement to address Section 301 tariffs. Although the text of the agreement did not specify when List 4A tariffs might be reduced from 15% to 7.5%, the U.S. Trade Representative has submitted a notice to appear in the Federal Register today indicating that the tariff reduction will become effective on 12:01 Eastern Time on February 14, 2020. A copy of the notice can be accessed here.
Should you have any questions concerning the reduction of these tariffs, or other aspects of the Phase One Agreement, please contact one of the trade professionals here