COVID-19 Trade Impacts Resource Page
Visit our COVID-19 Trade Impacts Resource Page for information on the effects the COVID-19 pandemic is having on trade operations, worldwide import/export changes, and how companies can respond.
Tariff Actions Resource Page
Visit our Tariff Actions Resource Page for information, deadlines and resource documents on the various U.S. tariff actions and the responses by the rest of the world.
ST&R Podcast: Two Minutes in Trade
We interpret the latest trade news to help you understand the impact on your business. Listen to the latest episode.
Trade Report Contact:
Sandler, Travis & Rosenberg Trade Report
Click here to learn more about the Sandler, Travis & Rosenberg Trade Report.
Ten additional goods are being excluded from the Section 301 additional tariff (currently 7.5 percent) on List 4A goods from China. It is likely that these will be the last exclusions for List 4A products.
The U.S. trade deficit in goods and services dropped 7.5 percent in June as both imports and exports increased for the first time since March. However, the total volume of U.S. trade was down significantly from a year earlier as the COVID-19 pandemic continued to affect global trade flows.
CBP states that this ruling better positions it to identify duty evasions and other abuses and helps create a more predictable enforcement environment for trade. It also provides CBP with foreign seller information with which to target and interdict counterfeit products, consumer safety violations, and other threats before they enter the U.S.
The Office of Foreign Assets Control placed China’s Xinjiang Production and Construction Corporation on its Specially Designated Nationals List on July 31. XPCC’s placement on this list means that all U.S. entities or non-U.S. entities subject to U.S. jurisdiction (covered persons) are now banned from engaging, directly or indirectly, with XPCC without a license from OFAC.
An extension for up to 12 months of specific exclusions from the Section 301 additional tariff on List 1 goods from China is under consideration by the Office of the U.S. Trade Representative. Comments on these potential extensions may be submitted between Aug. 1 and Aug. 30.
Additional U.S. tariffs on billions of dollars’ worth of imports from the European Union appear set to remain in effect after the U.S. rejected an EU claim that it is now in compliance with a World Trade Organization ruling against subsidies provided to aircraft manufacturer Airbus.
The Office of the U.S. Trade Representative has announced that 14 products imported from China will continue to be excluded from the Section 301 additional 25 percent tariff through the end of the year. Dozens of other products, however, will see their tariff exclusions expire as of July 31.
Nearly three years after U.S. Customs and Border Protection adopted regulatory changes aimed at improving the in-bond process, importers, carriers, and their agents are calling for additional changes and raising concerns about an increase in CBP enforcement actions.
The European Union is calling on the U.S. to remove its additional tariffs on imports of $7.5 billion worth of EU goods after claiming that Brussels has complied with a World Trade Organization ruling against subsidies provided to aircraft manufacturer Airbus.
U.S. Customs and Border Protection has added some functionality to its Automated Commercial Environment deployment schedule, delayed the deployment of some other functions, and confirmed the deployment of still others.
The Federal Trade Commission is accepting comments through Sept. 21 on a proposal to repeal the mandatory care labeling requirements for apparel and certain textile piece goods.
U.S. companies and their foreign affiliates are prohibited from participating in foreign boycotts that the U.S. does not sanction. Such actions can result in substantial criminal and civil penalties. For more information on anti-boycott requirements, please contact ST&R’s export controls and sanctions practice leader Kristine Pirnia.
Importers of affected goods should act now to obtain refunds of Section 301 tariffs paid on such goods since Sept. 1, 2019. Importers also have an Aug. 14 deadline to submit comments on whether these exclusions should be extended for up to 12 months given that they are currently scheduled to remain in effect for less than two months.
U.S. importers are preparing for another round of tariff increases on European Union goods as Washington continues to ramp up trade tensions with its transatlantic trade partner. ST&R will be hosting a webinar Aug. 6 to review current developments and identify ways companies can prepare.
The Department of Commerce’s Office of Textiles and Apparel reports that monthly imports of cotton, wool, manmade fiber, silk blend, and non-cotton vegetable fiber textile and apparel products totaled 3.54 billion square meter equivalents in May 2020, down 11.7 percent from April and 42.0 percent from May 2019.
Under this executive order there will be “no special privileges, no special economic treatment, and no export of sensitive technologies,” for Hong Kong, Trump said, which the U.S. will now treat the same as mainland China.
Reaffirming that the president’s authority to impose national security-related tariffs has limits, the Court of International Trade has overturned President Trump’s decision to double Section 232 tariffs on steel imports from Turkey.
The U.S. is planning to impose an additional 25 percent tariff on imports of soap, cosmetics, and handbags from France in response to that country’s digital services tax. However, application of this tariff has been suspended until Jan. 6, 2021.
Payment due dates are approaching for estimated duties, taxes, and fees that were postponed earlier this spring by importers suffering a significant financial hardship due to the COVID-19 pandemic, according to a recent U.S. Customs and Border Protection notice.
The U.S.-Mexico-Canada Agreement took effect July 1, replacing NAFTA after more than 25 years. U.S. federal agencies have issued the following information concerning implementation of the USMCA.