Bond Sufficiency Amid Threats of USTR List 4 and Removal of Section 232 Duties

As importers subjected to Section 301 Lists 1, 2 and 3 can attest, additional tariffs have a major impact on your bond. With List 4 on the horizon (which covers nearly all products imported from China), it is more important

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President Trump Lifts Section 232 Tariffs on Canada, Mexico

On May 17th, the US made dual announcements lifting Section 232 tariffs on Canadian steel and aluminum products, as well as Mexican metal products. Here’s what we know: US – Canada Section 232 Tariffs US and Canada announced a rollback of

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Turkey’s GSP Status Removed, Tariffs Lowered on Turkish Steel Exports

Effective May 17th, the White House officially announced the end of Turkey’s Generalized System of Preferences (GSP) status, since it “no longer meets the criteria to be considered a developing country.” Although, in March, the USTR had announced that both

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USTR List 4 (Covering Nearly All Chinese Imports) and Public Comment Period

The Office of the U.S. Trade Representative (USTR) published a new list (‘List 4’) containing “essentially all products not currently covered” by any of the three existing Section 301 tariff lists to be evaluated for future tariffs. Officials have asked

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New Round of Section 301 List 1 Product Exclusions Released by USTR

On May 9, the USTR released a fourth round of exclusions. This list includes an additional 40 HTS subheadings that are either partially or completely excluded from Section 301 List 1 tariffs. The official notice contains five (5) HTS subheadings completely excluded from

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Good News! CBP Corrects Programming to Address Tariff Increases

We have just learned that the programming issues that we reported on yesterday have now been corrected. The programming revolved around the implementation of a new Chapter 99 Harmonized Tariff Schedule (HTS) number to capture a 10% duty rate for

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Date of Export, NOT Import, Governs Increase in Section 301 List 3 Tariffs

The Federal Notice has officially been posted. Click here to view the full version. Section 301 List 3 tariffs on Chinese goods are still expected to increase from 10% to 25% effective 12:01 AM on Friday, May 10th. We say

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USTR Releases Section 301 List 3 Notice and Plans for Exclusions

Per our Shap Flash on May 6, President Trump announced an increase in Section 301 List 3 tariffs from 10% to 25% that would commence this week. According to a new bulletin posted by the office of the U.S. Trade Representative (USTR),

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Section 301 List 3 Tariffs Set to Increase from 10% to 25%

On Sunday, May 5th, just days before Chinese officials are set to arrive in the US to continue trade negotiations, President Trump elicited a tweet proclaiming a planned increase in Section 301 List 3 tariffs from 10% to 25%. The additional 15%

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Update on Future of GSP for India, Turkey

Per our Shap Flash on March 5th, President Trump announced that India and Turkey’s Generalized System of Preferences (GSP) status would be revoked. Trump’s announcement followed a 2018 USTR investigation into the trade and fairness practices of several GSP eligible

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