Here we go again, List 3 has been finalized and it covers 5,745 HTS codes that affect many different industries. Effective September 24th items on List 3 will have a 10% additional duty. Starting January 1, 2019, the additional duty will increase to 25%. The major issue has been that this list hit closer to home for… Read more »
Category: Section 301
Section 301 – List 2 Published
Section 301, List 2 was finalized yesterday and make up $16 billion worth of imports from China. There are 279 tariff numbers which will be subject to an additional 25% duty beginning August 23, 2018. For those of you who ask, this means that all imports that arrive on or after August 23rd – regardless… Read more »
Section 301 Lists
Here are links to the 3 lists of the Section 301 tariffs released by the United States Trade Representative (USTR). As of July 6th, List 1 has been implemented and subject to an additional 25% duty. This list contains 818 HTS codes. List 2, covers 284 HTS codes and will also be subject to additional… Read more »
Section 301 Tariffs published
The FIRST Section 301 Tariff List has been published. The USTR has broken the original list of approximately 1300 HTS codes into 2 separate lists. The first list is 818 HTS codes that represent 34 billion dollars worth of trade with China. The additional duty rate is 25% and the effective date is for goods arriving… Read more »
Section 301 China Tariffs
The comment period and testimony related to President Trumps Section 301 China Tariffs investigation have finished. The basic outcome is that there will not be any additional tariffs at this time. The President stated that China has agreed to purchase more US goods and services as well as more American farm products which will help… Read more »
Steel Import Investigation
Yesterday the US Department of Commerce published the hearing schedule for the investigation of Steel imports. The investigation is very troubling to most in the steel industry since they have cast a very wide net. Based on the published information it seems hot-rolled or cold-rolled sheet and plate will be covered and even products such… Read more »