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UPDATE: USTR ISSUES PROPOSED LIST 4 EXTENDING SEC. 301 TARIFFS TO “ESSENTIALLY ALL” REMAINING CHINESE IMPORTS

On May 13, 2019, the U.S. Trade Representative (“USTR”) issued a proposed List 4 which threatens to impose additional tariffs of up to 25% on “essentially all” Chinese products imported into the U.S. that were not covered by previous section 301 pronouncements. Pharmaceuticals, certain chemicals made into prescription pharmaceuticals, rare earth minerals and critical minerals […]