Customs outlines process for tariff collection

Twenty-five percent duties on products originating in China scheduled to take effect July 6.

Customs outlines process for tariff collection

Twenty-five percent duties on products originating in China scheduled to take effect July 6.

Customs outlines process for tariff collection

Twenty-five percent duties on products originating in China scheduled to take effect July 6.

 
U.S. Customs and Border Protection (CBP) on Thursday issued a notice detailing procedures for collection of tariffs on China pursuant to Section 301 of the Trade Act of 1974.
    Tariffs against $34 billion worth of Chinese goods in yearly import value will take effect for goods entered or withdrawn from warehouse for consumption as of midnight on July 6, CBP said in a CSMS message.
    The 25 percent duties are based on country of origin, not country of export, and only apply to products of China, CBP said.
    Any of the 818 products on the list of tariffs published by the Office of the U.S. Trade Representative (USTR) that are admitted into a U.S. foreign trade zone (FTZ) on or after midnight July 6 may be admitted only as “privileged foreign status,” except for products eligible for admission under “domestic status,” which are subject to the Section 301 duties.
    Both “privileged foreign status” and “domestic status” FTZ admissions will be subject to any Section 301 duties upon entry for consumption, CBP said.
   The CSMS message notes that USTR will publish a separate notice for a process to exclude products from the duties.
    USTR on June 15 released a list of Harmonized Tariff Schedule subheadings that will be covered by the tariffs.
    Questions related to Section 301 entry filing requirements should be emailed to traderemedy@cbp.dhs.gov, and questions from the importing community concerning rejections in the Automated Commercial Environment (ACE) should be referred to their client representative, CBP said.

[Air] cargo is in the doldrums with smaller volumes being shipped over the last four months than a year ago. And with order books weakening, consumer confidence deteriorating and trade tensions hanging over the industry, it is difficult to see an early turnaround. 

The Port of Baltimore handled a port-record 43 million tons of international cargo in 2018, eclipsing the previous mark set in 1974.

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Customs outlines process for tariff collection

Twenty-five percent duties on products originating in China scheduled to take effect July 6.

Jun 29, 2018 on Dec 27, 2018AmericanShipper.com

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Customs outlines process for tariff collection

Twenty-five percent duties on products originating in China scheduled to take effect July 6.

Jun 29, 2018 on Dec 27, 2018AmericanShipper.com