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TRADE ALERTS

May 2024

Proposed Modifications to Section 301 China Tariffs

The U.S. Trade Representative (USTR) recently completed the 4-year review on the Section 301 China tariffs. In announcements by the USTR and President Biden, the tariffs will remain in place with some proposed modifications, open for public comment from May 29 to June 28. The latest announcement includes lists of Harmonized Tariff Schedule numbers.

Key Points and Proposed Modifications to the Tariff Action:

Products from China currently subject to Section 301 tariffs, should remain in place.
Certain commodities of China in strategic sectors: Battery Parts, EVs, Facemasks, Lithium-Ion EV batteries, Medical Gloves, Graphite, Critical Minerals, Magnets, Semiconductors, Cranes, Solar Cells, Steel and Aluminum Products, and Syringes and Needles are to be subject to increased tariffs of rates ranging from 25% to 100%. See Annex A
Exclusion process to be established for machinery used in domestic manufacturing, (Chapter 84 and Chapter 85 of the Harmonized Tariff Schedule of the United States.) See Annex B
Grant 19 temporary exclusions for certain solar manufacturing equipment. See Annex C

Section 301 China Exclusions

There has yet to be any news on the future of the presently available Section 301 China product exclusions. The exclusions are scheduled to expire on May 31, 2024.

We are monitoring for updates on this matter and will send out a Trade Alert when new information becomes available.

UPCOMING WEBINARS

Wednesday, June 26, 2024 at 1:00 pm - 2:00pm CDT

Navigating Free Trade Agreements

Join us for an insightful one-hour free webinar on Navigating Free Trade Agreements led by Maria Miliante, Assistant V.P. for Customs Operations, NNR USA. This webinar is perfect for those who are actively declaring duty-free treatment pursuant to an agreement or have an interest in using this valuable duty-savings tool and want to learn more!

Topics covered:

Benefits of Free Trade Agreements (FTA)
How to Qualify your Product as Originating
Supporting and Documenting Claims
Key Must-Know Components of Popular Agreements: U.S. Canada-Mexico Agreement (USMCA), Generalized System of Preferences (GSP), U.S.- Japan Trade Agreement (USJTA), and the U.S. - Korea Free Trade Agreement (KORUS).

JUNE 2024 Classification Webinars: The U.S. Customs National Commodity Specialist Division presents commodity-specific classification webinars. Register Online.

June 4: Note 2(b) to Section XVI

June 5: What is Builders' Joinery and Carpentry of Wood (Heading 4418)

June 13: Heading 8472 - Other Office Machines

June 18: Raising Your Knowledge of Jacks and Lifts

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