Recent news on the results of the 4-year review on China Tariffs confirms the Office of the United States Trade Representative is proposing significant changes, increases, on specific products and no reductions on tariffs currently in place. The exclusion process will be limited to some machinery used in domestic manufacturing and possibly some solar manufacturing equipment.
Additional funds are proposed to be allocated to Customs and Border Protection (CBP) for enforcement of these Section 301 actions.
The USTR will issue a Federal Register Notice that will include the specific tariff lines affected and hold a public comment period before enacting the final increases. As things stand, here are the proposed increases for Section 301 tariffs:
There is no update on the 301 duty exclusions expiring at the end of this month - we expect more insight from the pending Federal Register Notice.
We will bring you more information as it becomes available to us.
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