The US has announced an increase in import duties on certain tungsten products to 25 per cent, effective from 1 January 2025

On 11 December 2024 (local time), the Office of the United States Trade Representative (USTR) issued a notice announcing an increase in the tariff rate on certain tungsten products imported from China to 25 per cent.

To ensure the security and smooth progress of our business transactions, our company hopes that our US clients will understand the current complex policy environment. With immediate effect, for export orders destined for the US, our company will temporarily implement the following arrangements:

Full payment prior to dispatch: In view of the uncertainties that may arise from adjustments to tariff policies, and to ensure the smooth running of our cooperation whilst avoiding settlement disputes caused by policy changes, we request that our US clients settle the full payment for the goods prior to dispatch;

Real-time confirmation of tariff costs: As US tariff rates and surcharges are subject to further changes, the specific tariff costs will be determined by US Customs at the time of actual customs clearance. We recommend that clients confirm these details with their local customs brokers in advance.

Our company has long been committed to supplying high-quality tungsten and molybdenum products to the US market; this policy adjustment is due to changes in the external environment. We look forward to continuing to provide stable and reliable products and services to our US partners once the policy situation becomes clearer. Should you have any queries, please do not hesitate to contact us.