​This Morning's Rumor Becomes This Afternoon's Fact

UPDATE: CHINA 301 LIST 3 TARIFF INCREASE TIED TO DATE OF EXPORT; EXCLUSION PROCESS TO BE ISSUED On May 8, 2019, the U.S. Trade Representative ("USTR") issued a Notice confirming that Chinese-origin merchandise listed on Section 301, Tranche 3, will be subject to an increased additional tariff rate of 25% ad valorem. Importantly, the change will take effect with respect to goods:   entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 AM Eastern Daylight Time on May 10, 2019, and exported to the U.S. on or after May 10, 2019. Those goods have been subject…

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