Industry News

Trade News Update – Tweets, Proclamations and Presidential Orders

Margaret Lange | M.E. Dey & Co.

The last few weeks have been extremely busy with USTR decisions and Presidential Orders and Proclamations related to trade. These have significant current and future impact to sourcing and sales decisions for U.S. Importers and Exporters.

  • May 5th: China Section 301 Tariffs Increase – Following a breakdown in U.S./China trade negotiations, the President tweeted on May 5th, that the China Section 301, List 3 tariffs would increase from 10% to 25%. On May 9, 2019 the USTR published a notice in the Federal Register effectively increasing the tariffs on goods exported from China on or after Friday, May 10, 2019 and arriving into the U.S. June 1st. On Friday, May 31st, the rate change effective date was amended to entries on or after June 15th. Read more…
  • May 9th: China Section 301 Tariffs ExclusionsThe USTR issued a fourth list of products excluded from the first round of Section 301 tariffs. The exclusions apply retroactively to July 6, 2018, the date the first tranche of tariffs took effect. Read more…
  • May 15th: Technology Exports Restricted – The President issued an Executive Order intending to prohibit commercial transactions determined to involve information and communication technology or services to entities deemed to be a “foreign adversary”. Although not specifically identified, these restrictions are expected to include Chinese IT companies, including Huawei Technologies. On May 20th, the U.S. Dept. of Commerce granted Huawei a license to purchase U.S. Goods until August 19th. Read more…
  • May 16th: Turkey Terminated from GSP – The President issued a Proclamation on May 16th to terminate Turkey as a Generalized System of Preference (GSP) Beneficiary Developing Country effective Friday, May 17th. Read more…
  • May 16th: Turkey Steel Tariffs Reduced – The President issued a Proclamation to reduce the 232 Steel tariff on imports from Turkey from 50% to 25% effective May 21, 2019. Read more…
  • May 16th: Autos and Auto Parts – Subject to the Secretary of Commerce report, the President issued a Proclamation advising the potential of Section 232 tariffs on imports of autos and auto parts. The Proclamation authorized the USTR and Treasury to pursue negotiations with the EU, Japan and any other country deemed appropriate. No action shall be taken during the 180 day negotiation period. Read more…
  • May 17th: China Section 301 Tariff List 4 – The USTR published notice in the Federal Register concerning a proposed action on a list of essentially all products not currently covered by Section 301 tariffs. With a few exceptions, additional 301 tariffs will be imposed on approximately $300billion in imports from china. In the notice, the USTR advised a comment period and a public hearing regarding the proposed tariffs. Read more…
  • May 19th: 232 Steel and Aluminum Tariffs MX & CA – The President issued two Proclamations effectively removing the 232 Steel and Aluminum Tariffs for Mexico and Canada effective Monday, May 20th. Source #1, Source #2
  • May 21st: China Section 301 Request for Exclusion – The USTR issued a notice in the Federal Register advising the opening of a product exclusion request process to the third tranche of China 301 Tariffs, which were increased from 10% to 25% on May 10, 2019. The process is proposed to begin about June 20, 2019. Read more…
  • May 30st: New Tariffs Announced on All Imports from Mexico – According to a statement from President Trump yesterday, the U.S. will impose a 5% tariff on all imports from Mexico effective June 10th. The new tariffs will increase to 10% on July 1st, 15% on August 1st, 20% on September 1st, and 25% on October 1st, if the if Mexico’s actions to alleviate the migrant crisis are deemed insufficient.
  • May 31st: India Removed from GSP effective June 5th – Late Friday, May 31st, President Trump released an Executive Order to remove India from the Generalized System of Preference (GSP) effective June 5, 2019. The President has determined that India has not assured the U.S that it will provide equitable and reasonable access to its markets, and therefore, found it appropriate to terminate India’s designation as a beneficiary developing country. Read more…

 

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