Section 301 Update

Posted by Jim Conrad
Blog originally posted on 06/07/2018 02:59 PM

SECTION 301 UPDATE

U.S. Customs and Border Protection has been instructed to begin collecting Section 301 duties on 818 products of China origin at the rate of 25% effective July 6th.

The total value of the targeted goods is $50 billion.

List 1, which was implemented on July 6th, is valued at $34 billion and the second list of products is expected to hit importers once the comment period ends.  List 2 is valued at approximately $16 billion. 

The U.S. Administration blames China for the loss of intellectual property through forced technology transfers for market access or in some cases outright theft.

The conflict may grow as the U.S. administration has asked trade officials to evaluate another target list valued at $200 billion to potentially be implemented in the event that China retaliates, which seems very likely. Selected products would see an extra 10% duty.

There are several mitigation strategies that may help. Ask us about:

This is a very fluid situation that we are watching closely and will continue to provide updates on. Subscribe to TradeLane to ensure you never miss an update. 

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Topics: Export Consulting, Import Consulting, North America

Blog originally posted on 06/07/2018 02:59 PM

Jim Conrad

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.