{"id":17483,"date":"2019-12-13T10:01:50","date_gmt":"2019-12-13T16:01:50","guid":{"rendered":"https:\/\/www.miq.com\/?p=16060"},"modified":"2019-12-13T10:01:50","modified_gmt":"2019-12-13T16:01:50","slug":"china-and-united-states-reach-phase-1-deal-list-4b-canceled","status":"publish","type":"post","link":"https:\/\/www.noatumlogistics.com\/us\/china-and-united-states-reach-phase-1-deal-list-4b-canceled\/","title":{"rendered":"China and United States Reach Phase 1 Deal \u2013 List 4B Canceled"},"content":{"rendered":"<p>On Friday, December 13, 2019, the United States Trade Representative (USTR) announced a\u00a0 <a href=\"https:\/\/ustr.gov\/about-us\/policy-offices\/press-office\/press-releases\/2019\/december\/united-states-and-china-reach\">Phase 1 Trade Agreement <\/a>\u00a0with China.\u00a0 This enforceable agreement requires structural reforms to China\u2019s economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange. <!--more--><\/p>\n<p>As a result of the trade agreement and a commitment by China to make substantial additional purchases of U.S. goods and services in the coming years, the U.S. has agreed to suspend the Section 301 List 4B 15% tariffs scheduled to start on Sunday, December 15.\u00a0 The details are still not formalized, but the administration has tweeted that the U.S. will keep the 25% Tariffs on $250 billion Lists 1-3, but then decrease the List 4A tariffs to 7.5% on $120 billion.<\/p>\n<p>China will also consider canceling retaliatory tariffs set for Sunday.<\/p>\n<p>More information is expected regarding the changes in tariffs, and we will provide updates once available.<\/p>\n<p>For more information, please <a href=\"http:\/\/elink.miq.com\/c\/4\/?T=NjQzNTE1MjI%3AMDItYjE5MzI1LTAyNDgyYTE2M2U2NDQwMjA4NzI1NDRmOGQ4MzNlNzRi%3Aa2lyc3Rlbi5yeXNrb0BtaXEuY29t%3AY29udGFjdC0xMzU4ZjcxODM5NWRlOTExODBmYTAwNTA1Njk4MTY0Zi03ODYwYWM5NDEwYWE0YjNhYTc4Nzg1YTFmZmRmMTY0MA%3AZmFsc2U%3AMg%3A%3AaHR0cHM6Ly93d3cubWlxLmNvbS9jb250YWN0Lz9fY2xkZWU9YTJseWMzUmxiaTV5ZVhOcmIwQnRhWEV1WTI5dCZyZWNpcGllbnRpZD1jb250YWN0LTEzNThmNzE4Mzk1ZGU5MTE4MGZhMDA1MDU2OTgxNjRmLTc4NjBhYzk0MTBhYTRiM2FhNzg3ODVhMWZmZGYxNjQwJmVzaWQ9N2M4M2IxYzAtZGIwYi1lYTExLTgxMDUtMDA1MDU2OTgxNjRm&amp;K=DGSb_InBHkoOs1_4jecNPA\">contact your local Noatum Logistics USA (Formerly MIQ Logistics) representative.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, December 13, 2019, the United States Trade Representative (USTR) announced a\u00a0 Phase 1 Trade Agreement \u00a0with China.\u00a0 This enforceable agreement requires structural reforms to China\u2019s economic and trade&#8230;<\/p>\n","protected":false},"author":9,"featured_media":14271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[357,358],"tags":[],"class_list":["post-17483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulatory-updates","category-supply-chain-alerts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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