The USTR Announces New Product Exclusions for Section 301 List 3 Tariffs
As a response to requests made from several manufacturers, the United States Trade Representative (USTR) issued additional product exclusions pertaining to the 25% Section 301 List 3 Tariffs on May 21.
The new list of exclusions includes 17 10-digit HTS subheadings and 61 specially prepared product descriptions. Together, they cover 103 separate exclusion requests. The general categories of products affected by this update are children’s paints and activity sets, stainless steel materials and accessories, stoves, grills, seeds for sowing, frozen items, and chemical components.
All of the exclusions can be applied for any product that meets the description in the Annex to each notice, including its 10-digit HTSUS classification number, regardless if the importer has previously filed an exclusion request or not.
As announced by the USTR, the product exclusions can be applied retroactively for entries dating back to Sept. 24 of 2018, and will remain in effect until Aug. 7. As such, the USTR has recommended importers to file a “Post-Summary Corrections or Protests” form to secure refunds and interest on the already-paid amounts of the exclusions.
For more information about the Section 301 Update on May 21, click here.
ATA Carnet Member-Countries with Special Considerations
A list of strict ATA Carnet accepting-countries and the specifications they hold. Most non-commercial, exhibiting importers and exporters recognize the value and role of ATA Carnets in the complicated field of trade. While the World Customs Organization ...
What to expect from Chinese New Year 2021
Where the 2020 CNY period of blank sailings was nearly doubled as a result of the Chinese COVID outbreak, 2021 appears to be shaping up to have virtually no significant changes. How will this effect your supply chain?
Freight fiasco is beginning to hit average American households.
Shippers and consumers alike have a lot at stake in today's freight market. Let's look at the causes and effects at play in the industry right now.