Increase in Section 301 Duties Scheduled for May 10
On May 9, the U.S. Trade Representative will announce an increase in Section 301 Tariffs from 10% to 25%, effective May 10. This decision follows stalled negotiations with China and a recent statement from President Trump about the trade deal's slow progress.
- The increase applies to products listed in the September 2018 Federal Register Notice. U.S. Customs and Border Protection has updated the Automated Broker Interface for entries from May 10 onward. Gallagher offers assistance for those with questions regarding these changes.
- Section 301 Updates On May 9, the Office of the U.S.
- Trade Representative (USTR) is scheduled to publish a modification to the Section 301 Tariffs increasing the duty rate on the products covered in the September 2018 Federal Register Notice from the current rate of 10% to 25%.
On May 10, the U.S. Trade Representative will raise the Section 301 Tariffs on certain products from 10% to 25%. This change affects items listed in the September 2018 Federal Register Notice, marking a significant adjustment in duty rates.
Section 301 Updates
On May 9, the Office of the U.S. Trade Representative (USTR) is scheduled to publish a modification to the Section 301 Tariffs increasing the duty rate on the products covered in the September 2018 Federal Register Notice from the current rate of 10% to 25%.
According to the notice, these changes are scheduled to take effect on May 10. U.S. Customs and Border Protection (CBP) has updated the ABI to include these changes for any entries scheduled for May 10 onwards.
This modification is a result of what the USTR calls a “lack of progress in the additional rounds of negotiations [with China] since March 2019” and after a May 5 tweet from President Trump where he states that “the Trade Deal with China continues, but too slowly, as they attempt to renegotiate.”
Source: NCBFAA
If you have questions or need assistance with this, Gallagher can help. Call 303-365-1000 or email us anytime!