by logisticsplus | Dec 3, 2019 | News
Global Trade Alert Message:
President Trump has accused Brazil, Argentina, and France of economic actions that he believes disadvantage U.S. companies and American farmers. The President announced Monday that the U.S. will be reimposing steel and aluminum tariffs on these three countries, opening new trade war fronts.
The President also stated that the Federal Reserve should, “act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies.” Compared to the U.S. dollar, Brazilian currency has fallen about 8% this year and Argentinian currency has lost 37% of its value.
Read the full article on the Washington Post: www.washingtonpost.com/trump-tariffs-steel-aluminum
by logisticsplus | Oct 1, 2019 | News
Global Trade Alert Message:
In early September, President Trump announced that he was delaying plans to impose an additional 5 percent duty on more than $250 billion worth of Chinese goods. The section 301 China tariffs is now scheduled to increase from 25% to 30% on October 15th. The increase in tariffs is for lists 1-3 only.
The delay in tariff increases was due to the fact that the People’s Republic of China will be celebrating their 70th anniversary on October 1st. Furthermore, the China tariff exclusions remain valid until September 17th, 2020.
The tariff exclusion list can be found here: www.strtrade.com/tariff-exlusions
Lists 1-3 of the Section 301 China tariffs can be found here: www.cbp.gov/301-China/list
by logisticsplus | Sep 13, 2019 | News
Global Trade Alert Message:
China announced this week the first exclusions from its additional 25% tariff on imports of U.S. goods. After the announcement, President Trump delayed the increase of Section 301 tariffs from 25% to 30% until October 15th on $250 billion worth of goods imported from China.
The China tariff exclusions will take effect on September 17th and remain valid for one year. Chinese importers are eligible for refunds on the additional tariffs paid on these goods and will have six months to apply. The goods include, but aren’t limited too, cold water shrimp, alfala meal, fish meals, lubricating oils and grease, pesticides, and more.
More information on the tariff exclusions can be found on the Sandler, Travis & Rosenberg Trade Report here:
www.strtrade.com/f-tariff-actions-resources.html
by logisticsplus | Jul 16, 2019 | News
Global Trade Alert Message:
Nearly a hundred additional products with a trade value of about $4 billion have been added to a list of goods imported from the European Union that could be subject to additional tariffs in a long-running dispute over aircraft subsidies. In April, the office of the U.S. Trade Representative (USTR) issued a preliminary list of EU goods to which additional tariffs of up to 100 percent may be applied once the arbitrator determines a final retaliation amount. This preliminary list includes 317 tariff lines when imported from any of the 28 EU member states as well as nine tariff lines covering helicopters, aircraft, and aircraft parts when imported from France, Germany, Spain, or the United Kingdom.
A public hearing on these additional products will be held August 5th and written comments are also due on that date. The USTR is specifically interested in which products should be subject to increased tariffs, the level of any such increase, and whether higher tariffs on particular products might have an adverse effect on U.S. stakeholders, including small businesses and consumers. Importers of these goods should consider taking proactive measures to mitigate the impact of any potential tariff increase, such as working to have their products omitted from the final list or considering alternative sourcing locations.
The full HTS list can be found on the Federal Register here: www.federalregister.gov/docs/EU-tariffs
by logisticsplus | May 9, 2019 | News
Global Trade Alert Message:
As a part of the September 2018 tariff announcement, the United States has chosen to modify the Section 301 tariffs by increasing duties from 10 to 25 percent. The increase will take place on May 10th. The Federal Register noted that, “The Trade Representative has further determined to establish a process by which interested persons may request that particular products classified within a tariff subheading covered by the September 2018 action be excluded from the additional duties.”
The notice in the Federal Register is here: https://www.federalregister.gov/docs/tariffs
The list of HTSUS codes subject to the 301 tariffs is here: https://www.cbp.gov/PDF/301
Update 5/23/19: New New link for proposed 301 tariffs tranche 4:
https://ustr.gov/sites/default/files/enforcement/301Investigations/84_FR_22564.pdf
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