On May 9th, the Office of the U.S. Trade Representative (USTR) published a modification to the Section 301 Tariffs increasing the duty rate on the products covered in the September 2018 Federal Notice from the current rate of 10% to 25%. According to the notice, these changes were scheduled to take effect on all subject goods exported May 10th. U.S. Customs and Border Protection (CBP) has updated the ABI to include these changes for any U.S. Imports entered May 10th and onwards.
This modification is a result of what the USTR calls a “lack of progress in the additional rounds of negotiations [with China] since March 2019” and after a May 5th tweet from President Trump where he states that “the Trade Deal with China continues, but too slowly, as they attempt to renegotiate.”
For more information regarding these new regulations and how they may impact your imports, you can subscribe to our newsletter or contact your customs specialist at Axxess.< Return