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Section 301 Tariff Increase Delayed

301 delayed mgta

President Trump has announced that the Section 301 tariff increase will be postponed again. This is due to “substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues.”

The tariffs were scheduled to increase from 10 percent to 25 percent on January 1 and were delayed to March 1. Now, they have been delayed further but a new effective date has not been set.

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