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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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President Donald Trump announced via Twitter that his administration will delay until October 15, 2019, its increase in Section 301 tariffs from 25 percent to 30 percent on products from China appearing on Tranches/Lists 1-3. The president and the Office of the U.S. Trade Representative (USTR) had previously indicated that the 5 percent increase would take effect October 1, 2019. (See Trump and Trade Updates of <a href="https://www.trumpandtrade.com/2019/08/china-announces-retaliatory-tariffs-on-u-s-products-president-trump-responds-with-tariff-increase-on-chinese-products/">August 26, 2019</a> and <a href="https://www.trumpandtrade.com/2019/09/ustr-formally-proposes-section-301-tariff-increase-from-25-to-30-on-imports-of-certain-chinese-products/">September 3, 2019</a>.)
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
....on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://x.com/realDonaldTrump/status/1171925717988388865?ref_src=twsrc%5Etfw">September 11, 2019</a>
</blockquote>
<script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>
According to the president, this postponement was made in response to both a request from Vice Premier Liu He and to the scheduling of the original tariff increase start date on October 1, which is a national holiday in China celebrating the founding of the People&rsquo;s Republic of China. It is expected that the USTR will formally announce this delay with a Federal Register notice soon. Trade negotiations between the United States and China are scheduled to resume in the next several weeks.

core/freeform

SmarTrade

President Trump Announces Two-Week Postponement in Section 301 Tariff Rate Increase