On February 7, 2022, the USTR announced a deal to partially rollback the Section 232 tariffs on steel from Japan through the use of a tariff rate quota (“TRQ”). The TRQ will be set to allow for the importation of historically-based volumes of Japan steel products without the assessment of Section 232 tariffs. Highlights of […]
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CRAFT BEVERAGE MODERNIZATION ACT (CBMA) PROCEDURES AND REQUIREMENTS 2021 REVISIONS (CSMS #45315560)
On December 30, 2020, U.S. Customs and Border Protection (CBP) issued Cargo Systems Messaging Service (CSMS) #45315560, titled “Craft Beverage Modernization Act (CBMA) – Procedures and Requirements 2021.” The CBMA allows for reduced tax rates or credits on certain importations of distilled spirits, beer or wine in limited quantities. The CSMS describes the procedures and […]
INCREASED DUTY RATE FOR CHINESE-ORIGIN PRODUCTS SUBJECT TO SEC. 301
On May 7, 2019, the U.S. Trade Representative is expected to announce an increase in the additional duty rate applicable to Chinese-origin products listed on Section 301, Tranche 3. Currently those products are subject to an additional duty rate of 10% ad valorem. However, on May 6, 2019, U.S. Trade Representative Robert Lighthizer announced that […]