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Important information on NEW Tariffs imposed by the Trump Administration

by Steve Shock | Jun 27, 2018
On May 29th, the White House announced the renewal of plans to impose 25 percent tariffs on $50 billion worth of Chinese goods. Just last week, the Section 301 tariffs were tabled while the countries negotiated. This link provides a comprehensive list of the affected products  https://ustr.gov/sites/default/files/files/Press/Releases/301FRN.pdf.

The Trump Administration announced that the final tariff list will be published June 15th, and “tariffs will be imposed on those imports July 6th 2018.” All GPS products that Novotech sells are affected by this tariff. We have product in stock at our US facilities but this product will run out and Novotech will have no choice but to charge the tariff.

If you order GPS from Novotech it is possible that you will have to take additional steps at the border in order to effect payment to the "U S Customs and Border Protection”  

Below is specific information on payment of Sec 301 “Unfair Trade Practice” duties on imports from China.
 
On April 3, 2018, President Trump announced his intention to issue “special duties” under Section 301 of the trade act of 1974, for importation of certain articles of Chinese origin.  On June 15th, the USTR released a final list of 818 effected tariff numbers for which the “special duties” will become effective on July 6th. An addition group of 284 tariff numbers was also released, but must undergo further review. Section 301 of the Trade Act allows the imposition of “special duties” in cases where countries engage in unfair trade practices with regards to importations of U.S. origin goods and materials. Duty rates for the affected goods will be 25% and are in addition to any currently applicable duties, taxes or fees.
 
The effected and proposed tariffs may be review via the links noted below:
 
Effective July 6, 2018  https://ustr.gov/sites/default/files/enforcement/301Investigations/List%201.pdf
 
Proposed tariffs under review  https://ustr.gov/sites/default/files/enforcement/301Investigations/List%202.pdf

We regret the inconvenience, but strongly recommend that you maintain records on the Tariffs and look for the drawbacks that may be available upon export of your products.

3 comments

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  1. David Bennett | Jul 06, 2018
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  2. jasonmorgan | Jul 05, 2018
    President Trump reported his expectation to issue "exceptional obligations" under Section 301 of the exchange demonstration of 1974, for importation of specific articles of Chinese birthplace. Custom Jackets
  3. jack | Jul 05, 2018
    nice post

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