{"id":3562,"date":"2025-05-28T16:14:11","date_gmt":"2025-05-28T16:14:11","guid":{"rendered":"https:\/\/www.bocintl.com\/web\/?p=3562"},"modified":"2025-07-09T14:19:41","modified_gmt":"2025-07-09T14:19:41","slug":"blast-524-reinstatement-of-reciprocal-tariffs-august-12th","status":"publish","type":"post","link":"https:\/\/www.bocintl.com\/web\/blast-524-reinstatement-of-reciprocal-tariffs-august-12th\/","title":{"rendered":"Blast # 525 Reinstatement of Reciprocal Tariffs – August 12th"},"content":{"rendered":"\n
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Reinstatement of Reciprocal Tariffs – August 12th<\/h2>\n\n\n\n

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from: federalregister.gov<\/a><\/em><\/p>\n\n\n\n

As of May 14, 2025, the US and China agreed to temporarily reduce tariffs on each other’s goods. This reduction means the US will temporarily lower its reciprocal tariff on Chinese imports from 125% to 10%, and China will reciprocate with a similar reduction. This tariff reduction is in place for 90 days, starting May 14, 2025, and ending on August 12, 2025, while the two countries continue discussions. Further agreements could be reached that modify tariffs again, at any point.<\/p>\n\n\n\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..<\/p>\n\n\n\n

Modifying Reciprocal Tariff Rates To Reflect Discussions With the People’s Republic of China<\/strong><\/h2>\n\n\n\n

A Presidential Document by the Executive Office of the President<\/a> on 05\/21\/2025<\/a><\/strong><\/p>\n\n\n\n

Sec. 3<\/strong> . Tariff Modifications.<\/em> In recognition of the intentions of the PRC to facilitate addressing the national emergency declared in Executive Order 14257<\/a>, the HTSUS shall be modified as follows:<\/p>\n\n\n\n

Effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on May 14, 2025:<\/p>\n\n\n\n

(a) heading 9903.01.25 of the HTSUS shall be amended by deleting the article description and by inserting \u201cArticles the product of any country, except for products described in headings 9903.01.26-9903.01.33, and except as provided for in heading 9903.01.34, as provided for in subdivision (v) of U.S. note 2 to this subchapter . . . . . . \u201d in lieu thereof;<\/p>\n\n\n\n

(b) heading 9903.01.63 of the HTSUS shall be amended by deleting \u201c125%\u201d each place that it appears and by inserting \u201c34%\u201d in lieu thereof;<\/p>\n\n\n\n

(c) subdivision (v)(xiii)(10) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS shall be amended by deleting \u201c125%\u201d, and by inserting \u201c34%\u201d in lieu thereof; and<\/p>\n\n\n\n

(d) heading 9903.01.63 and subdivision (v)(xiii)(10) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS are hereby suspended for a period of 90 days beginning at 12:01 a.m. eastern daylight time on May 14, 2025.<\/p>\n\n\n

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\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..<\/p>\n","protected":false},"excerpt":{"rendered":"

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.. Reinstatement of Reciprocal Tariffs – August 12th \u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.. from: federalregister.gov As of May 14, 2025, the US and China agreed to temporarily reduce tariffs on each other’s goods. This reduction means the US will temporarily lower its reciprocal tariff on Chinese imports from 125% to 10%, and China will reciprocate with a similar reduction.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[507],"tags":[],"class_list":["post-3562","post","type-post","status-publish","format-standard","hentry","category-the-boc-blast"],"_links":{"self":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/3562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/comments?post=3562"}],"version-history":[{"count":5,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/3562\/revisions"}],"predecessor-version":[{"id":3588,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/3562\/revisions\/3588"}],"wp:attachment":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/media?parent=3562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/categories?post=3562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/tags?post=3562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}