As announced by the USTR today, the United States will be maintaining 25 percent tariffs on approximately $250 billion of Chinese imports (List 1, List 2 and List 3). The additional Section 301 tariffs on List 4A products will be reduced to 7.5% and the tariffs on List 4B products will not be imposed on December 15. However, this news is still evolving and no OFFICIAL notice has been published in the Federal Register yet.

The full release by the USTR here.

As news develops, we will post updates here.