On December 29, 2020, the Office of the United States Trade Representative (“USTR”) announced long-awaited extensions to a limited set of previously granted exclusions (for COVID-related products), that were set to expire on December 31, 2020. Meanwhile, importers across non-COVID industries are continuing to await guidance on their tariff exclusion extensions that are set to expire on December 31, 2020.
The trade war has kept members in the trade industry on their toes – here is a recap.
Effective Dates:
For importers being hit by additional duties, it is crucial to know when the additional duties are effective and must be paid. USTR has issued three lists under 301 Section Trade Remedies. We urge importers to get to know which list their products are subject to, and develop an action plan. […]
The trade war has kept members in the trade industry on their toes – here is a recap.
Effective Dates:
For importers being hit by additional duties it is crucial to know when the additional duties are effective and must be paid. USTR has now issued three lists under 301 Section Trade Remedies. We urge importers to clearly understand which list their products are subject to and develop a business plan on how to prepare for additional import costs. […]