On February 28, the Trump Administration, citing progress in talks with Beijing, formally delayed a planned increase in tariffs on $200 billion of Chinese goods. These goods include thousands of products used by PESA members throughout their manufacturing chains.
“[A]t the direction of the President, the Trade Representative, has determined that it no longer is appropriate for the rate of duty under the September 2018 action to increase to 25 percent on March 2, 2019, and that the rate of duty under the September 2018 action will remain at 10 percent until further notice,” according to USTR.
Since the Administration first imposed the tariffs during the summer of 2018, PESA has been engaged with the process. After USTR set up a process in which trade organizations could make submissions on behalf of member companies for specific product exclusions, PESA submitted a list for parts that make up Artificial Lift Systems in October. More recently, PESA co-hosted a “Tariffs Hurt the Heartland” Town Hall in Houston which brought together a large coalition of industries to oppose tariffs.
For more information about PESA’s stance on tariffs and trade, visit our Policy Center, or contact Tim Tarpley, Vice President Government Affairs.