Recent news on the results of the 4-year review on China Tariffs confirms the Office of the United States Trade Representative is proposing significant changes, increases, on specific products and no reductions on tariffs currently in place. The exclusion process will be limited to some machinery used in domestic manufacturing and possibly some solar manufacturing equipment.
Additional funds are proposed to be allocated to Customs and Border Protection (CBP) for enforcement of these Section 301 actions.
“After thorough review of the statutory report on Section 301 tariffs, and having considered my advice, President Biden is directing me to take
further action to encourage the elimination of the People’s Republic of China’s unfair technology transfer-related policies and practices that continue to burden U.S. commerce and harm American workers and businesses.” said Ambassador Katherine Tai. “In light of President Biden’s direction, I will be proposing modifications to the China tariffs under Section 301 to confront the PRC’s unfair policies and practices”
The USTR will issue a Federal Register Notice that will include the specific tariff lines affected and hold a public comment period before enacting the final increases. As things stand, here are the proposed increases for Section 301 tariffs:
There is no update on the 301 duty exclusions expiring at the end of this month – we expect more insight from the pending Federal Register Notice.
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