Tariffs
Effective February 8, 2020, the U.S. will impose tariffs on derivative steel and aluminum imports.
Pursuant to a January 24, 2020 Executive Order, the current steel and aluminum 232 tariffs have been expanded to certain derivative goods. U.S. Customs… Continue reading
On December 13, 2019, the U.S. and China reached a Phase One trade deal. It requires structural reforms and other changes to China’s economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services and currency… Continue reading
Quick Take on U.S. Tariffs on Imports from China:
- If you have a product on the third list hit with Section 301 tariffs the deadline for filing a request for a product exclusion is September 30, 2019.
This article originally appeared in the WIIT Summer Communique.
At a recent trade conference, White House officials described the Administration’s trade policy as “bold, creative and disruptive.” President Trump’s use of Section 232 of the Trade Expansion Act of 1962 to impose tariffs and quotas based upon national security concerns is one example of this new approach. Using this tool, on March 8, 2018, President Trump fulfilled a promise and imposed, effective June 1, 2018, a 25% duty on imports of steel products from all countries of origin except Argentina, Brazil and South Korea, which capitulated to quotas. He also imposed a 10% duty on imports of aluminum products from all countries, except for Argentina which also agreed to quotas. Australia was the only country spared tariffs or quotas on their metals. Details on the 232 tariffs appear on Customs & Border Protection (CBP) website. Continue reading
Did you miss the GWU-CIBER/WITT/DEC 232 program about understanding Trump’s National Security Tariffs? You can watch the full video here.