📦Additional Tariffs on Chinese Products from U.S. Executive Order
Implementation of Additional Duties on Products of the People's Republic of China Pursuant to the President's February 1, 2025 Executive Order Imposing Duties To Address the Synthetic Opioid Supply Chain in the People's Republic of China
Summary
In order to effectuate the President's February 1, 2025 Executive Order "Imposing Duties to Address the Synthetic Opioid Supply Chain in the People's Republic of China," which imposes specified rates of duty on imports of articles that are products of the People's Republic of China (PRC or China), the Secretary of Homeland Security has determined that appropriate action is needed to modify the Harmonized Tariff Schedule of the United States (HTSUS) as set out in the annex to this notice.
Agencies
- Homeland Security Department
- U.S. Customs and Border Protection
Business Impact
$$$ - High
The notice outlines an increase in tariffs by 10% on products sourced from China, mandated by the President's Executive Order. This leads to increased costs for businesses importing such goods, impacting pricing strategies and potentially profit margins. Compliance with new Harmonized Tariff Schedule modifications will be necessary for affected companies.