WHAT’S THE LATEST

On August 11, President Trump issued an Executive Order extending the pause on increased reciprocal tariffs for most Chinese goods by an additional 90 days. This pause runs through 12:01 a.m. ET on November 10 to allow additional time for the two countries to reach a trade deal.

WHAT WE KNOW

  • On May 12, China and the United States originally agreed to a 90-day pause in reciprocal tariffs. 
  • That agreement included a framework for further trade negotiations and was set to expire at 12:01 a.m. ET on August 12.
  • During this additional pause, in effect until November 10, tariffs on most imports from China will remain at 30%.

WHAT'S NEXT?

Our team is actively monitoring developments day-by-day, ensuring we have the latest information to guide our clients. With 58 U.S. locations and 8 locations across China and Hong Kong, SEKO is well positioned to support your international trade operations and help you take advantage of new opportunities created by this deal.

SEKO advises clients to continue to utilize and consider the benefits of deferring duty payments utilizing direct ACH along with periodic monthly statement, which provides an average payment terms of 36 days for duty.

SEKO advises clients to review HS code classifications and entry dates for products traded with China to ensure proper tariff treatment.

With a potential rush of orders and/or pull forward of traditional peak season, combined with the repositioning of airplanes and vessels on the TPEB route, it is advised to make bookings as soon as possible with your SEKO representative.

If you have questions, please reach out to your SEKO representative, or email us at hello@sekologistics.com.