Exclusion Process Mandated for Tariffs on $200 Billion in Goods from China; Prepare Now to Submit Petitions.
Congress has ordered the creation of a long-awaited process for requesting product-specific exclusions from the Section 301 additional tariffs on $200 billion worth of imported goods from China. These tariffs are currently 10 percent but are scheduled to be increased to 25 percent as of March 2.
In an explanatory statement accompanying appropriations legislation signed into law Feb. 15, Congress directed the Office of the U.S. Trade Representative to establish an exclusion process for the so-called List 3 goods “following the same procedures as those in rounds 1 and 2.” USTR must report to Congress on the nature and timing of this process no later than March 17.
- Posted by ALBA Wheels
- On February 22, 2019
- 0 Comments