In a series of Tweets elicited this morning, President Trump stated that he plans to restore Section 232 tariffs on all steel and aluminum being imported to the U.S. from Brazil and Argentina. The President cited the continued devaluation of Brazilian and Argentinian currencies, which impede profitability of U.S. agricultural exports, as the impetus for […]

The Craft Beverage Modernization and Tax Reform Act (CBMA), which went into effect in 2017 and reduced tax rates on qualified imports of distilled spirits, beer and wine, is set to expire prior to year’s end. Since its inception, CBMA is estimated to have saved importers and producers of alcohol millions in tax credits. These […]

The Office of the U.S. Trade Representative (USTR) released an additional set of product exclusions from Section 301 List 3 Chinese tariffs. The List 3 notice contains 32 specially prepared HTS subheadings partially excluded from 25% tariffs, which cover 39 separate requests respectively. According to the USTR, the latest round of exclusions will retroactively apply […]

Effective Tuesday, November 19th at 12:10 AM, approximately 3,200 unionized conductors and railyard workers from Teamsters Canada Rail Conference (TCRC) organized an official labor strike against Canadian National (CN). Although reports indicate that representatives from both Teamsters and CN have already sat down with federal mediators in an effort to create a deal to replace […]

The Office of the U.S. Trade Representative (USTR) released an additional set of product exclusions from Section 301 List 3 Chinese tariffs. The List 3 notice contains 2 HTS subheadings completely excluded from 25% tariffs, and 34 partially excluded subheadings, which cover 42 separate requests respectively. According to the USTR, the latest round of exclusions […]

On Thursday October 25th, the office of the U.S. Trade Representative (USTR) announced that one-third of Thai exports, including all seafood, would lose their Generalized System of Preferences (GSP) status effective April 25, 2020. According to the USTR, President Trump decided to suspend $1.3 billion in preferential trade for Thailand based “on its failure to […]

The Office of the U.S. Trade Representative (USTR) released another set of HTS subheadings that are partially excluded from Section 301 List 3 tariffs. The notice contains 83 HTS subheadings partially excluded from 25% tariffs, which cover 95 separate requests. The newest round of exclusions will retroactively apply to all List 3 products meeting the specified […]

The office of the U.S. Trade Representative (USTR) announced plans to establish an exclusion process for products subject to additional Section 301 List 4A tariffs that went into effect on September 1st. Though no official announcement has been released yet, the USTR revealed that it will open an electronic portal for the submission of requested […]

In a Tweet posted on Monday, October 14th, President Trump announced that Section 232 tariffs on imports of Turkish steel would be bumped back up to 50% effective immediately. The additional tariffs on Turkish steel were initially put in place in August of 2018 and were subsequently reduced to 25% in May of this year. […]

On Friday, October 11th, President Trump announced the postponement of additional duties on over $250 billion worth of Chinese goods amidst positive trade talks with China. The additional tariffs were set to take effect on Tuesday, October 15th and would have increased tariffs on list 1, 2 and 3 items from 25% to 30%. President […]

On October 3rd, the U.S. Trade Representative (USTR) announced that additional Section 301 tariffs on European Union (EU) goods will go into effect on October 18th. The USTR has published an official notice in the Federal Register advising importers to prepare for the imposition of additional tariffs (ranging from 10% to 25%) with respect to […]

The U.S. International Trade Commission (USITC) will open a portal for Miscellaneous Tariff Bill (MTB) petition submissions on Friday, October 11, 2019 at 8:45 a.m. On Tuesday, October 8, 2019, the USITC will hold a public walk-through on the MTB petition process and online portal at the USITC Building, Hearing Room A, 500 E Street SW, […]

As you are already aware, the World Trade Organization (WTO) authorized the U.S. to impose additional tariffs on nearly $8 billion worth of European goods in response to the European Union’s (EU) subsidization of Airbus on September 25th. The office of the U.S. Trade Representative (USTR) has now released an official list of EU products […]

On Wednesday, September 25th, the World Trade Organization (WTO) authorized the U.S. to impose additional tariffs on $8 billion worth of European goods in response to the European Union’s (EU) subsidization of Airbus – Europe’s leading manufacturer of airplanes and aviation equipment. Though the U.S. Trade Representative (USTR) has yet to announce a specific percentage […]

In response to the United States Trade Representative’s (USTR) recently announced Section 301 List 4A and List 4B tariffs against Chinese products, China now plans to levy additional tariffs totaling $75 billion on U.S. soybeans, automobiles and oil.

Though supply chain disruptions continue to cripple Hong Kong, it appears that it’s not all bad news for China trade today, following the U.S. Trade Representative’s (USTR) announcement that certain products will not be subject to additional 10% tariffs until December 15th. According to the USTR’s announcement, List 4 goods were evaluated based on health, […]

The Office of the U.S. Trade Representative (USTR) released the first set of HTS subheadings that are partially excluded from Section 301 List 2 tariffs. The notice contains 69 HTS subheadings, which cover 292 separate requests. Please note again that these subheadings are only partially excluded from the 25% tariffs. The newest round of exclusions […]

Later this summer, Customs and Border Protection (CBP) will deploy a change that affects the back-end processing of ACH Debit/Credit transactions.  The impact will be minimal for importers, but still marks an important change in process. Importers not participating in PMS (Periodic Monthly Statement) As the process exists today, a final statement is received the […]

Per our previous Shap Flash, the Office of the U.S. Trade Representative (USTR) had announced that it commenced proceedings under Section 301 of the Trade Act into a long-standing dispute concerning subsidies granted to the large civil aviation industry within the European Union (EU) and other member states. The USTR has recently revealed that it is […]

The U.S. and China are restarting trade negotiations following an enthusiastic meeting between President Trump and President Xi at the G20 summit this past weekend. Negotiations between China and the U.S. had previously stalled amid China’s failure to adequately address intellectual property concerns posed by the U.S., resulting in increased tariffs on all products falling […]