Over the past few months, we understand that it has been difficult to stay up to date on international trade and tariffs. However, having a strong regulatory compliance and international freight forwarding partner can help.
Due to the complexity of international relations between China and the United States, here are some frequently asked questions (FAQs) that Ascent Global Logistics often receives from customers that you should know the answers to:
When Were The Steel And Aluminum Tariffs Announced?
The Administration initially announced intentions to impose tariffs on steel and aluminum imports on March 1, 2018. On March 23, 2018, the President signed H.R. 1625 (Consolidated Appropriations Act, 2018) into law. In a blog post called Steel And Aluminum Tariffs: What Importers Need To Know, Ascent Global Logistics highlighted key provisions regarding the proposed tariffs, as well as how to request an exemption from these tariffs.
What Are Some Potential Consequences Of Signing H.R. 1625 Into Law?
In another recent blog post How To Ensure Compliance With Generalized System Of Preference Re-authorization, our team provided a comprehensive outline describing how importers can submit a duty refund request, as well as the deadline for those requests.
Have There Been Further Updates Since April 22, 2018?
An announcement was recently made that 1,300 items regularly imported from China could potentially be vetted for additional tariffs. While the original timeline called for tariff changes as early as early June, the timeline has now been temporarily delayed but could still occur. For more general information on duty and tariffs, please read our blog post, Duty And Tariffs: What Importers Should Know.
How Can Ascent Global Logistics Help Me Stay Up To Date On All The Latest Headlines?
Our team sends out regular updates regarding international trade, compliance and freight forwarding. If you have not done so already, click here to subscribe to our newsletter.
Please contact our regulatory compliance team or reach out to an Ascent Global Logistics representative if you have specific questions regarding imports best practices or tariffs.