The U.S. Trade Representative (USTR) released a press statement announcing the list of imports from China that will face a Section 301 10 percent tariff (see also Trump and Trade Update of May 14, 2019). Implementation of the tariff on approximately $300 billion worth of Chinese products will occur in two phases. For most
Treasury Secretary Mnuchin Designates China a Currency Manipulator in Response to China’s Currency Devaluation
The U.S. Department of the Treasury announced yesterday that Secretary of the Treasury Steven Mnuchin is designating China as a “currency manipulator,” stating that “China has taken concrete steps to devalue its currency, while maintaining substantial foreign exchange reserves despite active use of such tools in the past. The context of these actions and the…
USTR Releases First Batch of Section 301 Product Exclusions for U.S. Imports of List 3 Chinese Products
On August 2, 2019, the Office of the U.S. Trade Representative (USTR) issued its first batch of Section 301 product exclusions for imported Chinese products appearing on List 3. These products, which have an annual trade value of approximately $200 billion, have been subject to Section 301 tariffs since September 24, 2018. The USTR determined…
President Trump Tweets that United States Will Implement 10% Tariff September 1 on $300 Billion of Imported Chinese Products
It has not been officially announced yet, but President Donald Trump tweeted today (see below) that products on the yet-to-be-finalized Tranche/List 4 of imports from China valued at $300 billion will be assessed a 10 percent tariff starting September 1. While noting that this week’s trade negotiations between the U.S. and Chinese governments were constructive…
USTR Releases First Batch of Product Exclusions for List 2 of the Section 301 Tariffs on Imports from China
The Office of the U.S. Trade Representative released today its first batch of product exclusions for List 2 of the Section 301 tariffs on imports from China valued at $16 billion. List 2 products were assessed a 25 percent tariff as of August 23, 2018. This batch of exclusions covers 69 specially prepared product descriptions,…
New CBP Statistics Show $30 Billion in Collections from Tariff Actions
According to recently released U.S. Customs and Border Protection (CBP) data, the agency has assessed, as a result of tariffs implemented through U.S. government actions under Section 232 of the Trade Expansion Act of 1962 and Sections 201 and 301 of the Trade Act of 1974, approximately $30.9 billion in import duties as of July…
USTR Releases Sixth Round of China Section 301 Product Exclusions
The Office of the U.S. Trade Representative (USTR) has published in the Federal Register its latest round of product exclusions applicable to List 1 of the China Section 301 tariffs. List 1 imposed additional duties as of July 6, 2018, on goods imported from China and valued at $34 billion. This latest round of exclusions…
Webinar Recording: Caught in the U.S.-China Trade War Crossfire – A Tariff Survival Guide
If you weren’t able to join us but would still like to have the information, here is a recording of our webinar on strategies to help companies deal with the U.S.-China trade war:
U.S. Government Adds Five Chinese Entities to Entity List
The Department of Commerce’s Bureau of Industry and Security (BIS) has determined that five Chinese companies are acting contrary to the national security or foreign policy interests of the United States and thus pose a significant risk. In a Federal Register notice, BIS announced that it has placed the following companies on the Entity…
USTR Creates Website for Navigating the China Section 301 Tariff Process
The Office of the U.S. Trade Representative (USTR) has created a website to assist persons in navigating the China Section 301 investigation and tariff process. Recognizing that every product subject to a proposed or ongoing Section 301 tariff action is identified by an 8-digit or 10-digit Harmonized Tariff Schedule (HTS) subheading, the website provides a…