Additional Section 301 Tariffs effective September 24, 2018 with increase on January 1, 2019
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 (L [...]
Read MoreMerchandise Processing Fees (MPF) – Minimums and Maximums to Increase Effective October 1, 2018
The merchandise processing fee ad valorem is being adjusted for inflation and will increase on October 1, 2018. According to CSMS 18-000465, the minimum MPF will increase from $25.67 to $26.22. The maximum MPF will be increase from $497.99 to $508.70. The MPF for informal entries will increase from $2.05 to $2.10. The MPF rate of 0.3464% will not increase at this time. [...]
Read MoreChina Section 301 – “List 2” Additional 25% duty effective August 23, 2018 U.S. Trade Representative amends HTSUS provisions – Exemption on U.S. Goods Returned under Section 301
As previously reported, tariff sanctions issued for imported Chinese goods go into effect on August 23, 2018. The USTR has released the final list of the second tranche of 279 products, down from 284 as originally reported last month. The Federal Register Notice dated July 11, 2018 contains procedures to request product exclusion from the Section 301 action. In addition, we want to report on the latest development related to the Section 301 [...]
Read MoreIncrease in Trade War Tariffs
This week, President Trump directed U.S. Trade Representative Robert Lighthizer to consider raising the proposed tariffs from 10 percent to 25 percent on an additional $200 billion worth of Chinese goods. The 25 percent would apply to the proposed list of items previously announced on July 10. As to the further action proposed under Section 301 of the Trade Act of 1974, yesterday USTR Lighthizer released a statement saying “the increase in t [...]
Read MoreAdditional Section 301 Tariffs Proposed
A third list of approximately 6,031 HTSUS tariff items, with a trade value of approximately $200 billion, has been identified by the Trump administration to be the focus of a proposed additional ten percent duty when imported from China. The implementation date for the increase has not been publicized. However, the Office of the U.S. Trade Representative is seeking public written comment by August 17, 2018 and a public hearing will be held in [...]
Read MoreI am interested in importing or sourcing a new product from overseas. What should I do?
To make the most informed decision possible, there are several things to do before you decide to purchase anything overseas. Some may have a dramatic impact on your costs and a direct impact on your bottom line. Whether you are just considering importing for the first time or you are an experienced importer considering a new product, you should consult with an experienced Customs broker (CHB). For first time importers: the import process is no [...]
Read MoreSection 301 Tariffs on Products Imported from China Effective July 6, 2018
Effective July 6, 2018 over 800 products imported from China will have the additional 25% tariff. As previously reported, these tariffs are being imposed on certain Chinese goods after a Section 301 investigation concluded that China’s policies towards American companies was discriminatory. Initially, the proposed list consisted of approximately 1300 products but has since been separated into two. The first list of 818 products will be affe [...]
Read MoreCBP Request for Information and Notice of Action
What do I do if CBP sends me a Request for Information or a Notice of Action? The short and best answer is to notify your Customs broker immediately. As importer of record, you must use “reasonable care” when entering goods into the United States. This means you make a good faith effort to ensure all information you provide to CBP and other government agencies is accurate and complete. If CBP believes this is not the case, they may request m [...]
Read MoreGSP Goods Subject to Section 232 (Aluminum and Steel)
In March 2018 the President signed the “Consolidated Appropriations Act, 2018,” extending the GSP retroactive to the lapse period during January 1, 2018 through April 21, 2018. CBP has provided guidance as to how the process will work on GSP Goods Subject to Section 232 entered during the lapse period. This message is to further clarify the following: As of March 23, 2018, goods normally eligible for GSP – and are now subject to the [...]
Read MoreGSP Renewed
On Friday, March 23, 2018, the President signed into law the Consolidated Appropriations Act, which includes provisions for extending GSP (Generalized System of Preference) retroactively from January 1, 2018 through December 31, 2020. The Act does not become effective until April 22, 2018. Importers will need to continue to pay normal trade relations (Column 1) duty rates and flag GSP-eligible importations with the Special Program Indicator [...]
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