The Office of the U.S. Trade Representative will extend the exclusions from Section 301 China tariffs on goods used to treat COVID-19 for six months, it said in a notice posted on the agency's website. The exclusions were set to expire Nov. 30, but USTR said it will extend the 99 product exclusions to May 31.
Section 301 (too broad)
The Office of the U.S. Trade Representative will extend most of the exclusions from Section 301 China tariffs on goods used to treat COVID-19 for six months, it said in a notice posted on the agency's website. For the 81 exclusions being extended, the new expiration date is May 31, 2022. All the exclusions were slated to expire Nov. 14, but USTR is allowing a "transition period" and that expiration date will be Nov. 30, it said.
Correction: The Office of the U.S. Trade Representative will extend the expiration date for 81 of 99 previously granted Section 301 tariff exclusions for six months to May 31, it said in a notice posted on the agency's website. All the exclusions were slated to expire Nov. 14, but USTR is allowing a "transition period" and the exclusions not being extended will expire Nov. 30, it said.
The Customs Rulings Online Search System (CROSS) was updated Nov. 9. The following headquarters rulings were modified recently, according to CBP:
David Spooner, Washington counsel for the U.S. Fashion Industry Association, said that while the U.S. trade representative's China policy speech was underwhelming, he doesn't think the possibility of renewing 549 exclusions that expired at the end of last year will be the only olive branch to importers hurt by the China trade war. "Will we see other [expired] exclusions open to renewal? A new window open for exclusions? I hear 'yes.' When that will happen, and what that will look like, remains unclear," Spooner said at a virtual USFIA conference Nov. 9.
The following lawsuits were filed at the Court of International Trade during the week of Nov. 1-7:
Watch and clock importers are required to include origin information about the components when subject to the Section 301 tariffs on goods from China, CBP said in an Nov. 8 CSMS message. "In circumstances where the band or case component in watches or clocks are made in China, if the band or case component(s) are not substantially transformed and are subject to Section 301 duties, then all of the components need to be constructively separated into their component parts and each component separately valued and reported on separate entry summary lines," CBP said.
Tech companies and trade associations favor working more closely with U.S. trade partners to diversify information and communications technology (ICT) supply chains and make them more resilient to disruption and bottlenecks, several commented Nov. 4 in BIS-2021-0021. The Commerce Department’s Bureau of Industry and Security sought comment to help the secretaries of Commerce and Homeland Security prepare a report to the White House on supply chain disruptions in the “critical sectors and subsectors” of the ICT “industrial base” by the one-year anniversary of President Joe Biden’s Feb. 24 executive order (see 2109170029).
The following lawsuits were filed at the Court of International Trade during the week of Oct. 25-31:
IRobot slashed operating income projections for the fiscal year ending Jan. 1 on concerns over higher supply chain costs, price increases and Section 301 tariffs, Chief Financial Officer Julie Zeiler said on an Oct. 28 earnings call. Q3 gross margin declined by 11 percentage points, with 60% of the decrease due to an unexpected $14 million in tariff costs and “supply chain headwinds.”