Proud to be part of the District Export Council for DC/VA serving U.S. companies engaged in international trade and investment.
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.
Enjoying a spectacular WIIT Annual Awards Dinner. Kudos to WIIT president Lisa Schroeder and congratulations to incoming WIIT president Yuri Unno.
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.