Importers of goods manufactured in China who have been taking advantage of the one-year Section 301 China tariff exclusions are discovering that their exclusions are now expiring, subjecting their imports to the 25% (List 1-3) or 7.5% (List 4A) tariffs.
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On Thursday, July 16, 2020, the United States Trade Representative (USTR) announced in the Federal Register Notice 85, No. 137 FR 43292, that effective January 6, 2021, the United States will impose a 25 percent tariff on $1.3 billion
Beginning on December 28, 2019, many of the exclusions related to the China List 1 Harmonized Tariff Schedule (HTS) numbers expired unless the United States Trade Representative (USTR) office chose to extend them. All exclusions and extensions can be found
Source: National Retail Federation Press Release – July 8, 2020 Imports at major U.S. retail container ports are expected to remain significantly below last year’s levels into this fall as the impact of the COVID-19 pandemic continues, according to the
Source: Institute for Supply Management – July 1, 2020 Economic activity in the manufacturing sector grew in June, with the overall economy notching a second month of growth after one month of contraction, say the nation’s supply executives in the latest Manufacturing ISM® Report On
On Tuesday, June 30, 2020, the Bureau of Industry and Security (BIS) announced with immediate effect that it is suspending any license exceptions for export to Hong Kong, reexports to Hong Kong and transfers (in-country) within Hong Kong of items
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