US increased tariffs 10% to 25% 10th May2019-05-31
Tariffs Rising Warning
US increases tariffs on US$200 billion worth of Chinese goods (List 3) from 10 percent to 25 percent, as the US and China fail to reach a deal following the end of the first day of the eleventh round of high-level trade talks.
The tariff increase will be effective from May 10, 2019 at 12:01 am (EST), with goods leaving from China to the US before midnight still taxed at the previous 10 percent rate. (See full notice here).
Smart cards'HTSUS Code 8523.52.00 is on the List 3 import from China would increased tariffs from 10% to 25%.
Importer would lost aggressive price from China. Good news that RBM to USD rate devalue 5%. Chinese supplier would adjust their pricing to balance the tariff rising.