Section 301 List 3 Tariffs to Remain at 10% for an Additional 90 DaysSection 301 List 3 Tariffs to Remain at 10% for an Additional 90 Days
Section 301 list 3 tariffs on Chinese imports, which were set to increase from 10% to 25% effective January 1, 2019, will now remain at 10% for an additional 90 days as a result of fruitful talks between Chinese President Xi Jingping and President Trump at the G20 summit in Buenos Aires this past Saturday, […]
Continue Reading »Importers Beware – ISF-5 Enforcements are Coming!ISF-5 Enforcements are Coming
Effective December 17, 2018, U.S. Customs and Border Protection (CBP) will begin full enforcement of the ISF-5 filing requirement for Foreign Retained on Board (FROB) cargo. This will affect any foreign cargo that calls a U.S. port during transit. As you are aware, Importer Security Filing (“10+2”, “ISF”) rules took effect in 2009. At that […]
Continue Reading »Bureau of Industry and Security Seeks Public Comment on Emerging National Security TechnologyBureau of Industry and Security Seeks Public Comment on Emerging National Security Technology
The Bureau of Industry and Security (BIS) under the Department of Commerce issued an advance notice of proposed rulemaking (ANPRM) seeking public comment on criteria for identifying emerging technologies that are essential to U.S. national security. BIS welcomes comments on: How to define emerging technology to assist identification of such technology in the future; Criteria […]
Continue Reading »Section 301 Chinese Import Audits Are Coming!Section 301 Chinese Import Audits Are Coming
We have learned that, in the very near future, Customs and Border Protection (CBP) will begin carefully auditing imports of goods subject to Section 301 duties. As a result, importers may see an increase in the number of Requests for Information (CF 28s); these requests will be based on inconsistencies related to reclassification, changed countries […]
Continue Reading »Presidential Proclamation 9813 Removes GSP Privileges for Many Products on November 1, 2018Presidential Proclamation 9813 Removes GSP Privileges for Many Products on November 1, 2018
On October 30, 2018, President Trump issued a Presidential Proclamation which both changes some product classifications for fruit juices and removes Generalized Systems of Preferences (GSP) privileges for many products. For complete details of the products affected, please click here. These changes will go into effect on Thursday, November 1, 2018. Please reach out to our […]
Continue Reading »Procedures & Requirements for the Craft Beverage Modernization Act & Tax Reform of 2017Procedures & Requirements for the Craft Beverage Modernization Act & Tax Reform of 2017
Customs and Border Protection released instructions for receiving reduced tax rates per the Craft Beverage Modernization Act and Tax Reform of 2017 (CBMA). For an importer to be eligible to receive a reduced tax rate or a tax credit, importers must substantiate that the foreign producer/assigning entity has designated an allotment of its reduced tax […]
Continue Reading »Implementation of the Craft Beverage Modernization ActImplementation of the Craft Beverage Modernization Act
The moment we’ve all been waiting for is around the corner! As previously advised by the Craft Beverage Modernization Act (CBMA), reduced tax rates and/or tax credits are applicable to importations of certain limited quantities of distilled spirits, beer or wine imported from each foreign producer/assigning entity (as described in the CBMA). Further, the allocations […]
Continue Reading »U.S., Canada and Mexico Reach New Trade DealU.S., Canada and Mexico Reach New Trade Deal
Just prior to the midnight deadline on September 30th, Canada agreed to the terms of a new trade agreement with the United States and Mexico. The new deal, which has been aptly named the United States-Mexico-Canada Agreement (USMCA), will replace the 25-year-old North American Free Trade Agreement (NAFTA). The significant components of the agreement involve dairy, […]
Continue Reading »Updates to Section 301 TariffsUpdates to Section 301 Tariffs
As many of you may be aware, on September 21, 2018, the USTR published a Notice of Modification of Action providing for the imposition of additional import duties on a third list of Chinese products. On September 28, 2018, the USTR published a Notice of Amendment of Action announcing changes to the tariff classifications covered […]
Continue Reading »CBP User Fees to Increase on October 1st, 2018CBP User Fees to Increase
It’s been a few months since the announcement in the Federal Register, but please remember that several user fees will increase effective October 1st, 2018. One of the most significant changes will involve merchandise processing fees (MPF). While the ad valorem rate of .3464% will remain the same, the minimum and maximums have been modified. […]
Continue Reading »USTR Releases Official List 2 Exclusion Process
The office of the United States Trade Representative (USTR) officially published the List 2 exclusion process on Tuesday, September 18th. The official notice and exclusion process can be found HERE. Please take note of the following key points as they relate to the exclusion filing process: The final list of Section 301 tariffs affected by […]
Continue Reading »List 3 Tariffs on $200 Billion Worth of Chinese Imports to Take Effect on Monday, September 24thList 3 Tariffs on $200 Billion Worth of Chinese Imports to Take Effect on Monday, September 24th
We are sorry to report that the (dreaded) day has finally arrived… In the Administration’s continued attempt to bolster U.S. manufacturing, Section 301 List 3 tariffs have been finalized—and are set to take effect next Monday, September 24th. Affected importers should expect to pay an additional 10% in tariffs through the remainder of the […]
Continue Reading »Miscellaneous Tariff Bill Becomes Law and Reduces Tariffs on Nearly 1,700 ItemsMiscellaneous Tariff Bill Becomes Law and Reduces Tariffs on Nearly 1,700 Items
The Miscellaneous Tariff Bill (MTB) became law on September 13th, 2018 and will go into effect on October 13th, 2018, following a 30-day grace period. The bill provides tariff reductions on roughly 1,700 items through 2020 and was originally proposed by the International Trade Commission (ITC) as a means of maintaining and enhancing the competitiveness […]
Continue Reading »List 3 Tariffs Could go into Effect as Early as Friday, September 7thList 3 Tariffs Could go into Effect as Early as Friday, September 7th
We are hearing from the media—and you may be as well– that tariffs on List 3 could go into effect as early as Friday, September 7th. We find this hard to believe, but feel it is important to share what we are thinking: The period for public comment on List 3 tariffs is officially ending on Thursday, September 6th. One would […]
Continue Reading »President Trump Announces the “United States–Mexico Trade Agreement”President Trump Announces the United States–Mexico Trade Agreement
The United States Trade Representative (USTR) has released three U.S.-Mexico Trade Fact Sheets announcing that the United States and Mexico have reached a preliminary agreement, in principle, to update the 24-year-old NAFTA with modern provisions representing a 21st century, high-standard agreement. The updated agreement will support mutually beneficial trade leading to freer markets, fairer trade, […]
Continue Reading »List 2 Section 301 Duties to go into Effect on August 23rdList 2 Section 301 Duties to go into Effect on August 23rd
On Monday, August 7th the office of the United States Trade Representatives (USTR) published its finalized second list, officially known as “List 2”, of Chinese products; these tariffs will be subject to additional duties effective August 23rd. In its final iteration, “List 2” places additional duties of 25% on $16 billion of Chinese products, spanning […]
Continue Reading »China Retaliates, No Sign of Trade War EndingChina Retaliates, No Sign of Trade War Ending
On Friday, August 3rd, China announced that they will impose their own set of tariffs on $60 billion worth of U.S. goods if President Trump moves forward with his plan to further increase tariffs. Last week, the Trump administration announced they are considering an increased tariff rate on List 3 items from 10% additional duty […]
Continue Reading »Trump Considers Increasing Proposed Tariffs From 10 Percent to 25 Percent Against Chinese GoodsTrump Considers Increasing Proposed Tariffs From 10 Percent to 25 Percent Against Chinese Goods
President Trump has announced that he is considering increasing the tariff rate percentage from 10% additional duty to 25% on List 3 items, which is an additional $200 billion worth of goods from China. This would be applied to approximately 6,000 tariff lines from China. A complete list of the products subjected to the tariffs […]
Continue Reading »USTR List of Tariffs on $200 Billion in Chinese Goods Released
President Trump took another stab at the ongoing trade war between the United States and China on Tuesday, as the U.S. Trade Representative released a list of tariffs on $200 billion in Chinese products. The proposed list consists of a 10 percent tariff on 6,031 8-digit tariff lines. This announcement comes after President Trump threatened […]
Continue Reading »Apply for Your Product Exclusion for Chinese Products Subject to Section 301 TariffsApply for Your Product Exclusion for Chinese Products Subject to Section 301 Tariffs
The U.S. Trade Representative (USTR) announced a process to obtain product exclusions from the additional tariffs in effect on certain products imported from China (Section 301 tariffs). The Text of the Federal Register notice outlining the criteria and process for a product exclusion request and public requests, responses, and replies will be received via Regulations.gov. […]
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