The Trump administration is tightening restrictions on travel, trade, and remittances to Cuba. The new changes are as follows: Vessels and aircrafts initially authorized to fly to Cuba on temporary sojourn will no longer be able to. OFAC is placing a cap of $1,000, the maximum amount that one remitter can send per quarter to one Cuban national as a […]
On October 23, 2019, the U.S. Trade Representative announced that an exclusion process for the List 4A products will open on October 31, 2019. The deadline for submitting an exclusion request is January 31, 2020. The products on List 4A (Annex A to Notice of Modification) are currently subject to a 15% additional tariff. Products for which exclusion requests are granted […]
On Thursday evening, October 17th, it was confirmed that the tariffs on $7.5 billion of European goods will take effect today, October 18th. On October 2, 2019 the USTR published a list of the E.U. products that will be subject to the additional duties. Air crafts produced in the EU will now have an additional 10% tariff. Other products ranging […]
On September 17, 2019 the USTR announced additional exclusions to Section 301, Tranches 1, 2, and 3. The current additional duty rate for products on these lists is 25% and it is scheduled to increase to 30% on October 15. However, any Chinese product on Tranche 3 that meets the description of an excluded product can submit an exclusion request. […]
I. Virginia Forwarder The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a Finding of Violation to DNI Express Shipping Company (“DNI”), incorporated in McLean, Virginia, for a violation of § 501.602 of the Reporting, Procedures and Penalties Regulations, 31 C.F.R. part 501 (RPPR) as to the provision of farm equipment to Sudan. Specifically, DNI violated […]
Today, August 13, 2019, The United States Trade Representative announced that certain products such as cell phones, laptops, video games consoles, certain toys, some clothing and shoes are being removed from the forthcoming tariff list based on health, safety, national security, and other factors. These items will not face the additional tariffs of 10 percent which were planned to take […]
On August 1, 2019, President Trump announced on Twitter that the U.S. will impose a 10% tariff on roughly $300 billion worth of Chinese imports (List 4). The additional duties will go into effect beginning September 1, 2019. A confirmation from the USTR has not been issued yet. The proposed list 4 was released on May 13, 2019. It covers […]
On June 20, 2019, the U.S. Trade Representative announced that an exclusion process for List 3 products would open at noon EST, on June 30, 2019. The products on List 3 are currently subject to a 25% additional tariff. The deadline for submitting an exclusion request is September 30, 2019. Products for which exclusion requests are granted will be excluded […]
Yesterday, May 9, 2019, U.S. Customs and Border Protection (“CBP”) clarified that the Section 301 tariffs apply only to merchandise exported on or after May 10, 2019. Today, May 10, 2019, CBP provided updated guidance of the following (CSMS #19-000238): Effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern […]
Following up with yesterday’s blog on Section 301. Today the USTR published in the Federal Register the formal notice to increase the additional tariffs on List 3 products. The Notice reads: “Effective with respect to goods (i) entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on May 10, 2019, and (ii) […]