TradeLane

Some U.S. Trade Updates You Might Want to Know About

Posted by Jim Conrad

8/16/18 4:15 PM

301 Update_August_TL

While we wait for the US Administration to work out details on any potential trade deal with the EU, Turkey has moved to the forefront.

Section 232 steel duties on goods produced in Turkey will be doubled to 50% effective August 13th  with an increase for aluminum duties to 20% still pending. Automobile and automobile parts duty increases are still being contemplated. 

China List 2 - Section 301 duties on $16 billion of China goods goes into effect on August 23rd with another $200 billion under consideration. 

These are certainly complex times.

Here are a few of the trade remedy issues that come to mind that will affect the community. 

  • Temporary imports
  • Maquiladora moves
  • FTZ
  • Export and drawback
  • Chapter 98 returned goods
  • Sets where a component is a section 301 product
  • Low value shipments
  • Miscellaneous Tariff Bill
  • Comment period submissions
  • Filing for exclusion

Your company may find it difficult to stay on top of all of the updates. We realize that staying on top of these changes may be overwhelming, but our team of experts are staying on top of it so that you don't have to. 

Don't hesitate to contact Tradewin with questions. Let us handle the details. 

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Topics: Free Trade Agreements, United States

Written by Jim Conrad

Jim joined Tradewin in 2009, continuing a successful career in international logistics and trade compliance that began in 1980. He has spent more than three decades in leadership roles overseeing international trade compliance including the positions of corporate Director of Operations and as Chairman of the Board of Directors for a large U.S. shipper’s association. Jim’s technical background covers a wide range of international trade areas including harmonized tariff classification, valuation, anti-dumping and risk analysis. Jim is a graduate of North Shore Community College and majored in Business Administration at Salem State University. He is a member of the International Compliance Professionals Association and a U.S. Licensed Customs House Broker.