Ascent Global Logistics Blog

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TARIFF ALERT: S301 List 3 Tariff Rates Could Increase to 25%

Posted by Ascent Global Logistics on May 6, 2019 11:57:33 AM

On Sunday, May 5, the Administration announced that List 3 of the S301 tariffs, which are currently at 10% on $200 billion of Chinese imports, will be increasing to 25% effective Friday, May 10, 2019. Trade talks continue with China but are not progressing as hoped. 

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Topics: International Freight Forwarding, Tariffs, International Trade

S301 List 3 Tariff Rate Increase Postponed "Until Further Notice"

Posted by Ascent Global Logistics on Apr 2, 2019 9:30:11 AM

The office of the United States Trade Representative (USTR) recently issued a notice, officially "postponing" the tariff rate increase "until further notice." S301 List 3 tariffs will remain at 10 percent instead of increasing to 25 percent. The delayed increase is due to progress in US and China trade negotiations.

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Topics: International Freight Forwarding, Tariffs

TARIFF UPDATE: US Administration Plans To Delay Implementing S301 List 3 Tariffs

Posted by Ascent Global Logistics on Feb 25, 2019 1:24:29 PM

Over the weekend, the US Administration announced that it would postpone increasing S301 List 3 tariffs. The United States and Chinese President Xi Jinping plan to meet to reach a final trade agreement.

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Topics: International Freight Forwarding, Tariffs

TARIFF RECAP: Almost Time To "Celebrate" New Trade Deals And Increases

Posted by Ascent Global Logistics on Feb 21, 2019 6:21:56 PM

Over the last several months, there have been a number of key updates to S232 Tariffs and S301 Tariffs Lists 1-3. In addition, the United States and China continue to hold trade talks. Last week in Beijing, key officials from the United States and China outlined a “10-item list of ways China can reduce its trade surplus with the US."

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Topics: International Freight Forwarding, Tariffs

TRADE NEWS: Congress Requests Product-Specific Exclusion Process From USTR

Posted by Ascent Global Logistics on Feb 19, 2019 12:23:38 PM

Congress has requested that the office of the United States Trade Representative (USTR) create the formal exclusion process for products outlined under the S301 List 3 tariffs. These tariffs for $200 billion worth of imports from China are scheduled to increase from 10 percent to 25 percent on March 2, 2019.

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Topics: International Freight Forwarding, Tariffs

TRADE NEWS: US Government Shutdown Averted, Possible Delay In Proposed S301 Tariffs

Posted by Ascent Global Logistics on Feb 15, 2019 5:29:53 PM

Impending US Government Shutdown Averted

On the afternoon of February 15, 2019, US President Donald Trump signed an emergency spending bill to avert a partial government shutdown. The legislation provides $333 Billion worth of funding to several key Cabinet agencies through September 2019. 

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Topics: International Freight Forwarding, Tariffs

15 Effects Of The Government Shutdown On Import And Export Activities

Posted by Ascent Global Logistics on Jan 9, 2019 12:37:59 PM

As the longest United States government shutdown in history continues, importers, exporters and trade agencies are beginning to feel the impacts. Typically, organizations such as the Federal Maritime Commission (FMC) and US Customs and Border Protection (CBP) would be in high gear. However, many of these agencies are operating at reduced capacity due to the discontinuation of non-essential services.

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Topics: Regulatory Compliance, International Freight Forwarding, Tariffs

IMPORTANT: USTR Issues Federal Register Notice

Posted by Ascent Global Logistics on Dec 19, 2018 2:31:43 PM

United States Trade Representative (USTR) issued a Federal Register notice today to delay collection of 25 percent S301 duty rate on List 3 goods until March 2, 2019. Click here to see the official statement from the USTR.

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Topics: International Freight Forwarding, Tariffs

November 2018 Compliance Circular: MTB H.R. 4318 A Break For Importers!

Posted by Ascent Global Logistics on Nov 6, 2018 8:00:00 AM

While the trade world has been focusing on the S232 and S301 remedy tariffs, the Miscellaneous Tariff Bill of 2018 has been quietly implemented. This has allowed for a temporary reduction or suspension of import tariffs paid on particular imported items into the United States. 

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Topics: International Freight Forwarding, Monthly Compliance Circular, Tariffs