Alerts5.30.24
Section 301 China Tariffs Extended: Just When You Thought It Was Safe to Go Back in the Water
The Office of the U.S. Trade Representative (USTR) announced a comment period on proposed Section 301 tariff modifications for products from China subject to increased rates of duty and a new exclusion process
Since 2018, many U.S. companies have been affected by the substantial import tariffs imposed on certain products from China, also known as Section 301 tariffs. On May 14, 2024, President Joe Biden directed the Office of the U.S. Trade Representative (USTR) to maintain the tariffs at current levels and to add or increase Section 301 tariffs for certain goods from China in strategic sectors. This direction was the result of the USTR’s four-year review of the Section 301 China tariffs.
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