Section 301 Tariffs Delayed Indefinitely Earlier last week, President Trump announced an indefinite delay in the uptick of Section 301 tariffs on the third list of Chinese products, which were scheduled to increase the additional duty rate already in place from 10% to 25% on March […]
Trade talks between the United States and China resume this week. The biggest question is whether President Trump will make the decision to forego the threat to increase current tariffs from 10% to 25% on March 2, 2019 or to continue down the path of […]
Section 301 List 3 Exclusions Commence As any importer affected by the current Section 301 situation should know, List 3 of the Section 301 tariffs are already in place at 10% additional duty. An increase to 25% duty is set to take place on March […]
International Trade News February 2019 Some interesting articles that caught our attention. Six out of Ten CEOs see Trump’s Tariffs Helping (Supply Chain Brain) About 59 percent of some 500 firms said they expected profits to benefit should tariffs on imports rise, more than double […]
Some Exclusions Announced for Section 301 List 1 It was announced that U.S. Customs and Border Protection has allowed exclusions to some Section 301 “List 1” tariffs. Any organization that imports using these tariff numbers, regardless if the organization was the actual exclusion petitioner or not, […]
China Trade Talks will Resume Next Week Next week, U.S. officials will make a trip to Beijing to resume trade talks with China. Treasury Secretary, Steve Mnuchin mentioned they are aiming to “clinch a deal to avert a March 2 increase in U.S. tariffs on […]
Steel Sold in U.S. less than Fair Market Value Sandler, Travis and Rosemberg, writes, “A petition filed Feb. 4 alleges that fabricated structural steel from Canada, China, and Mexico is being sold at less than fair value in the U.S. market and benefiting from countervailable […]
Section 301 Imports from China The National Customs Brokers and Forwarders Association of America (NCBFAA) reported on January 15, 2019 that the United States Trade Representative will not give exemptions on the third round of Section 301 tariffs at their current rate of ten percent. […]
Two Days Turned into Three Days Keith Bradsher of The New York Times states, “Three days of trade negotiations between midlevel American and Chinese officials ended in Beijing on Wednesday afternoon with progress in identifying and narrowing the two sides’ differences but little sense of […]
U.S. – China Trade Deal in Discussions United States’ President Trump and China’s President Xi Jinping met on the sidelines of the G20 Summit in Buenos Aires this past weekend to discuss their differences in trade. The outcome? A truce to the trade war and […]
