What is Duty Drawback? Duty Drawback is the refund (up to 99%) of Customs duties, certain Internal Revenue taxes, and certain fees that have been lawfully collected at importation. The refund is administered after the exportation or destruction of the imported product. Primary Types of Duty Drawback Manufacturing Drawback — merchandise used to manufacture an article which is destroyed or exported within 5 years of import &nbs [...]

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As previously reported, the Trump administration had identified a ‘third list’ of some $200 billion worth of imported Chinese goods as the focus of a proposed additional 10% duty. Later, the White House was considering whether to increase tariffs on that same list from 10% to 25%. Yesterday, September 17, 2018, the U.S. Trade Representative announced that he will indeed increase those tariffs to 25% but incrementally. The latest tranche (Lis [...]

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