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Biden Administration announces new section 301 tariff increases on imports from China

by National Marine Manufacturers Association 3 Jun 2024 15:28 PDT
Advocacy Alert © National Marine Manufacturers Association

The Biden administration issued a press release announcing the Federal Register Notice (FRN) on the proposed modifications to the Section 301 tariffs on imports from China and limited exclusion process for certain machinery - which the administration disclosed this month. The comment period opened on May 29 and will close on June 28 - NMMA intends to submit comments.

In the FRN, the Office of the U.S. Trade Representative (USTR) lists the different Harmonized Tariff Schedule (HTS) lines and proposed tariff increases and effective dates for specific sectors, including aluminum, that USTR named as industries they intend to increase Section 301 tariffs. Additionally, the FRN includes the specific HTS lines for machinery equipment now eligible for a limited exclusion process. USTR intends to issue another FRN announcing details on the current exclusions set to expire on May 31.

Continue reading the full article here...

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