USTR Extends Section 301 Tariff Exclusions for Certain Medical Products until February 28, 2023USTR Extends Section 301 Tariff Exclusions for Certain Medical Products until February 28, 2023
Today, the Office of the U.S. Trade Representative (USTR) announced that it will extend Section 301 tariff exclusions on medical products used to treat COVID-19 for an additional 90 days. The 81 exclusions were originally set to expire on November 30, 2022; however, the exclusions will now apply to products meeting the specified criteria until […]
Continue Reading »TTB Publishes Temporary Regulations for CBMA Tax Benefits Effective January 1, 2023TTB Publishes Temporary Regulations for CBMA Tax Benefits Effective January 1, 2023
The Craft Beverage Modernization Act (CBMA) provisions of the Internal Revenue Code (IRC) provide for reduced rates or tax credits for certain quantities of beer, wine, and distilled spirits produced in or imported into the US. A recent change in the law transferred responsibility for administering the CBMA tax benefits for imported alcohol from Customs […]
Continue Reading »Shanghai to Shut Down for City-Wide COVID TestingShanghai to Shut Down for City-Wide COVID Testing
Update as of 4/4/22: The lockdown in Shanghai has been extended indefinitely as results of the city-wide COVID testing are still being reviewed, leaving Chinese supply chains in a state of uncertainty. The lockdown in Shanghai Pudong was initially set for March 28th – April 1st, with Shanghai Puxi following from April 1st – 5th. […]
Continue Reading »Shapiro Will Suspend Services for Cargo Routed Through Russia, Belarus and the Donetsk/Luhansk/Crimea Regions of Ukraine
With consideration to the recent horrific developments between Russia and Ukraine, the advice from the government, and the newly imposed sanctions, Shapiro has elected to suspend handling brokerage and forwarding services for all goods originating or shipping to/from Russia, Belarus, and the Donetsk/Luhansk/Crimea regions of Ukraine. For imports, this change will be effective for shipments […]
Continue Reading »China Fights Omicron Outbreak with New Lockdown RestrictionsChina Fights Omicron Outbreak with New Lockdown Restrictions
China is currently facing its largest COVID outbreak since the pandemic initially broke out in 2020. Despite its success combating the virus with a “zero-tolerance” policy thus far, the Chinese government has been unable to contain the highly contagious Omicron variant sweeping across the country in recent weeks. In response to the rapid spike in […]
Continue Reading »White House Issues Executive Order Banning Certain Imports, Exports and New Investments from RussiaWhite House Issues Executive Order Banning Certain Imports, Exports and New Investments from Russia
Earlier today, President Biden announced that the US, along with Canada, France, Germany, Italy, Japan, the UK and the European Union, will revoke Russia’s Most-Favored-Nation (MFN) status in light of the country’s continued invasion of Ukraine. Additionally, the White House announced it would be taking the following measures: Banning export of luxury goods to Russia […]
Continue Reading »US Delays Implementation of the Aluminum Import Monitoring and Analysis System until March 29th
On January 20th, the U.S. Department of Commerce (Commerce) announced that the ‘Aluminum Import Monitoring and Analysis (AIM) System’ final rule, originally scheduled to go into effect on January 25, 2021, would be delayed until March 29, 2021 to allow incoming Biden Administration officials additional time to review all relevant documentation prior to its implementation. […]
Continue Reading »USTR Announces Another Round of Section 301 Exclusions for List 1 and 2 ProductsUSTR Announces Another Round of Section 301 Exclusions for List 1 and 2 Products
On September 30th, the Office of the U.S. Trade Representative (USTR) announced its latest round of product exclusions from Section 301 Chinese tariffs. Similar to the last set of exclusions, the USTR notice features 2 separate sets of exclusions, each containing the specially prepared HTS subheadings partially excluded from Section 301 List 1 and 2 […]
Continue Reading »USTR Issues Additional Section 301 Exclusions for Certain List 1, 2, and 3 ProductsUSTR Issues Additional Section 301 Exclusions for Certain List 1, 2, and 3 Products
The Office of the U.S. Trade Representative (USTR) released three additional sets of product exclusions from Section 301 Chinese tariffs. The USTR notice features 3 separate announcements, each containing the specially prepared HTS subheadings partially excluded from Section 301 List 1, 2, and 3 tariffs. The List 1 notice contains 310 HTS subheadings partially excluded from […]
Continue Reading »USTR to Publish Official Notice Raising Section 301 List 4A and 4B Tariffs from 10% to 15%USTR to Publish Official Notice Raising Section 301 List 4A and 4B Tariffs from 10% to 15%
Per our Shap Flash on August 24th, President Trump announced via Twitter that List 4A and 4B tariffs will be increased from 10% to 15% in response to the imposition of retaliatory tariffs on $75 billion worth of U.S. products exported to China. On August 30th, the office of the U.S. Trade Representative (USTR) will […]
Continue Reading »Trump Vows to Increase Tariffs on Chinese GoodsTrump Vows to Increase Tariffs on Chinese Goods
In the latest escalation in the China-U.S. trade war, President Trump elicited a series of tweets on Friday, August 23rd stating that Section 301 tariffs imposed on Chinese products would increase across the board.
Continue Reading »USTR Releases First Round of List Three Product Exclusions from Section 301 TariffsUSTR Releases First Round of List Three Product Exclusions from Section 301 Tariffs
The Office of the U.S. Trade Representative (USTR) released the first set of HTS subheadings that are partially excluded from Section 301 List 3 tariffs. The notice contains 10 HTS subheadings partially excluded from 25% tariffs, which cover 15 separate requests. The newest round of exclusions will retroactively apply to all List 3 products meeting the […]
Continue Reading »USTR Announces Sixth Round of Section 301 List 1 Product ExclusionsUSTR Announces Sixth Round of Section 301 List 1 Product Exclusions
The Office of the U.S. Trade Representative (USTR) unofficially released a sixth list of HTS subheadings that are partially excluded from Section 301 List 1 tariffs. The notice contains 110 HTS subheadings partially excluded from 25% tariffs, which cover another 369 requests respectively. The latest round of exclusions will retroactively apply to all products meeting the […]
Continue Reading »USTR Issues Fifth Round of Section 301 List 1 Product ExclusionsUSTR Issues Fifth Round of Section 301 List 1 Product Exclusions
On June 3, the USTR unofficially released yet another list of HTS subheadings that are either partially or completely excluded from Section 301 List 1 tariffs – making it the fifth round of exclusions issued thus far. The official notice contains one (1) HTS subheading completely excluded from 25% tariffs, and eighty-eight (88) partially excluded HTS subheadings, […]
Continue Reading »USTR Launches Public Comment Period on Three Rounds of Section 301 Exclusion Extensions (List 3)
As you are already aware, the office of the U.S. Trade Representative (USTR) issued 3 rounds of exclusions for Section 301 List 3 products between April 23, 2020 and May 21, 2020. At this time, these rounds of exclusions are currently set to expire on August 7, 2020. All cargo that has been entered for […]
Continue Reading »USTR Grants Extensions to Certain Products from the Fifth Round of Section 301 Exclusions (List 1)USTR Grants Extensions to Certain Products from the Fifth Round of Section 301 Exclusions
On May 28, 2020, the Office of the U.S. Trade Representative (USTR) announced that just sixteen (16) exclusions from the fifth round of Section 301 tariff exclusions on List 1 goods will be granted extensions. As the exclusions for the fifth round of Section 301 goods (covering List 1) were set to expire on June 4, 2020, this […]
Continue Reading »USTR Grants Extensions to Certain Products from the Fourth Round of Section 301 Exclusions (List 1)USTR Grants Extensions to Certain Products from the Fourth Round of Section 301 Exclusions (List 1)
On May 12, 2020, the Office of the U.S. Trade Representative (USTR) announced that just thirteen (13) exclusions from the fourth round of Section 301 tariff exclusions on List 1 goods will be granted extensions. As the exclusions for the fourth round of Section 301 goods (covering List 1) were set to expire on May 14, 2020, […]
Continue Reading »USTR Issues Additional Exclusions for List 4A Products, Amends Previous Exclusions for Certain Products from List 1 and 2USTR Issues Additional Exclusions for List 4A Products, Amends Previous Exclusions for Certain Products from List 1 and 2
The Office of the U.S. Trade Representative (USTR) issued a new set of product exclusions from Section 301 List 4A Chinese tariffs. The List 4A notice contains 3 HTS subheadings that are completely excluded and 5 partially excluded subheadings from List 4A tariffs, covering 27 separate exclusion requests. The exclusions will retroactively apply to all […]
Continue Reading »USTR Issues More Product Exclusions for Section 301 List 3 TariffsUSTR Issues More Product Exclusions for Section 301 List 3 Tariffs
On May 22, 2020, the Office of the U.S. Trade Representative (USTR) issued a new set of product exclusions from Section 301 List 3 Chinese tariffs. The List 3 notice contains 17 HTS subheadings that are completely excluded from 25% tariffs; they cover 33 exclusion requests, and 61 partially excluded subheadings, covering an additional 70 separate requests. […]
Continue Reading »USTR Issues Additional Product Exclusions for Section 301 List 3 TariffsUSTR Issues Additional Product Exclusions for Section 301 List 3 Tariffs
The Office of the U.S. Trade Representative (USTR) issued a new set of product exclusions from Section 301 List 3 Chinese tariffs. The List 3 notice contains 1 HTS subheading completely excluded from 25% tariffs, which covers 20 exclusion requests, and 107 partially excluded subheadings, covering an additional 157 separate requests. The latest round of […]
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