Tariffs
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.
The Office of the United States Trade Representative (USTR) has asked the Office of Management & Budget (OMB) for emergency clearance of the form it intends to use for product exclusion requests for tranche 3 $200 billion list of items… Continue reading
- For Tranche 4 $300 billion list. Comment and testify at June hearing before USTR-led Committee in Washington, D.C. Due date for filing requests to appear and summary of expected testimony are due June 10, 2019. Hearings will… Continue reading
Update on Section 301 tariff for third $200 billion tranche of Chinese imports
A 10% ad valorem duty was imposed on a third tranche of $200 billion worth of Chinese imports effective September 24, 2018. The full list is… Continue reading