In late May, the US Trade Representative’s Office (USTR) announced that it had reinstated over 350 expired tariff exclusions levied on Chinese imports dating back to the Donald Trump presidency. Though numerous, they were short of the 549 exclusions the USTR had previously considered.
According to the agency, the exclusions will be retroactive to October 12, 2021, expire on December 31, 2022, and cover a wide range of imports impacted by the 7.5 to 25% Section 301 tariffs.
What This Means for Importers
The reinstatement could work toward normalizing the trade flow between our two countries, benefitting US importers impacted by the tariffs. Products that qualify for the tariff exclusion include:
- Industrial components (such as pumps and electric motors)
- Certain car parts
- Vacuum cleaners
- And other consumer goods
How Dedola Helps Our Clients
Tariffs are complex, with many classifications that may apply to similar products. 2022lpl partners with US Customs classification experts to offer our clients valuable insights. We look for the most advantageous applicable HTS codes to optimize our clients’ landed costs.
Read our white paper on the subject and see what a tariff code review could mean to your company’s bottom line.
Import duties can be significant, so it pays to ensure you get the correct rate. Our experts will give you an accurate estimate of your duty rates using the most favorable available classification.
Our mission is to optimize our clients’ supply chain from origin to final delivery. We go above and beyond on every single shipment. We call this dedication to excellence The Dedola Difference .
The logistics industry is complex, so it’s critical to partner with a provider with a proven track record. DGL has spent the past 46 years building a reputation for accurate, transparent, and comprehensive logistics services. We deliver!
Contact us today or call (562) 594-8988 for a free quote.
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