Is 301 Tariff Implementation at Hand?
Fueled in part because of apprehension caused by a massive list of products that could be subject to a 25% tariff, word is circulating that the President may order implementation in a week to ten days after a September 6 deadline for importers to file a defense of their products.
Hearings were held in late August by an intergovernmental panel assembled at the International Trade Commission. Many of the projected outcomes were similar: for example, these tariffs were expected to cause an inflationary cost born by American consumers, a tax on inputs driving up the cost of American-assembled products, and the impossibility of moving production from China near-term.
Nowhere was there recognition of the price to be paid by U.S. intermediaries, such as brokers enduring the chaos of an “implement now” approach. Still, the decision lies in the hands of the President and there is but one answer — prepare yourself for an earlier than expected start date.
© , NCBFAA, Washington D.C. Monday Morning eBriefing. Originally published [09/10/2018]. www.ncbfaa.org. Article By Katherine Salesman. Reprinted by permission.