As the subject line suggests, there has been a recent (March 23, 2022) development out of the office of the US Trade Representative that offers some hope to companies that had previously been subject to exclusions to the Sec. 301 duties against China.
1 min read
Duties Under List 3 & List 4A From China May Be Refunded
As many of you may know, there have been a significant number of US importers that import products from China that have been severely impacted by Section 301 duties covering several specific items over the past two years.
Topics: International Tariffs
1 min read
'Made in Hong Kong' Must Now Say 'Made in China'
In response to a new security law imposed by China on the citizens of Hong Kong, the Trump Administration on July 14 removed the special trading privileges that had been in place for Hong Kong, and changed them to reflect the current trading relationship with the People's Republic of China.
Topics: International Tariffs
8 min read
Tariff Update: Exemptions Expire On Nearly 100 Chinese Products
Nearly 100 items have lost their previous exemption status from China 301 tariffs. The sudden loss of exemption status for these products went into effect on July 9.
Topics: International Tariffs
2 min read
Tariff Update: New Tariffs on Steel & Aluminum Products
In a Presidential Proclamation published on January 29, President Trump announced that additional Section 232 tariffs of 25 percent on steel and 10 percent on aluminum are being applied on derivative articles that circumvent existing duties.
Topics: International Tariffs
2 min read
Tariff Update: China Trade Deal (Phase 1) - What Happens Now?
On January 15, the US and China signed a long-awaited trade deal. For the first time in over 2 years, we have interrupted the forward march of increasing duties across a wider and broader scope of products that are imported from China.
Topics: International Tariffs
1 min read
Tariff Update: Phase One Deal Reached With China
President Trump announced on Friday, Dec. 13 the details of a
Phase One
trade deal reached with China that will result in the additional 15% duty on what is known as List 4B will NOT go into effect as planned. In addition, the increase of List 4A duties from 15% to 25% that was scheduled to take effect on Dec. 15 will also not go into effect.
Topics: International Tariffs
1 min read
Tariff Delay = Tariff Relief
Over the weekend, President Trump announced via Twitter that he would be delaying "indefinitely" the increase of 5% duties that was scheduled to go into effect on Oct. 15 for all goods covered by Lists 1-3 and 4A. He is also postponing indefinitely the application of List 4B which was scheduled to go into effect on Dec. 15.
Topics: International Tariffs
1 min read
All Sec. 301 China Duties to Increase an Additional 5%
The trade dispute between China and the US heated up again on Friday as China announced their intent to raise the amount of duties they collect on US goods by 5-10% on roughly $75 billion of trade. President Trump tweeted he would have a reply by the end of the day, and true to his word, he announced that he was adding 5% to all of the previously enacted or announced duties, including the List
4-A
and
4-B
products. The official statement from the US Trade Representative can be found
HERE. There has not been an announcement in the Federal Register as yet, but that will be coming probably later this week.
