There have been many recent developments in the trade negotiation process that prompted the United States to increase duties on certain Chinese products worth approximately $200 billion of import value as of May 10, 2019. The Chinese government announced yesterday that it will increase sanctions on $60 billion worth of U.S. goods as of June… Read more »
Increased Duty Rate For Chinese Goods In List #3 Under Section 301 Officially In Effect As Of May 10, 2019
The U.S. Trade Representative (USTR) has determined that the rate of duty for goods covered by List #3 of the China Sanctions under Section 301 will increase from 10% to 25% with respect to goods (i) entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on May… Read more »
President Trump Threatens To Increase Sanctions on Chinese Products
President Trump issued a couple of Twitter messages over the weekend stating that negotiations with China are moving too slowly and as a result, duties on goods under List #3 will go from the current 10% to 25% this coming Friday, and soon after more goods worth approximately $325 billion will also be subject to… Read more »
USTR APPROVES A SECOND GROUP OF PRODUCT EXCLUSIONS FOR CHINA – LIST 1 OF SECTION 301
As a result of 87 separate exclusion requests filed by the trade, the U.S. Trade Representative has granted a second group of product exclusions for certain goods under List 1 of the China Section 301 sanctions that will be published in the Federal Register on March 25, 2019. The first group of product exclusion was… Read more »
U.S. Plans to Terminate the Generalized System of Preferences (GSP) benefits for India and Turkey
The United States established the Generalized System of Preferences (GSP) on January 1, 1976 to promote economic growth in developing countries. Under this program, duty-free benefits can be obtained for certain products from 129 designated beneficiary countries and territories that meet the Rules of Origin, which include a regional value content and direct importation requirements…. Read more »
