USTR Finalizes Action on Section 301 Tariffs Following Statutory Four-Year Review
On September 13th, 2024, the office of the United States Trade Representative (USTR) announced final modifications concerning the statutory review of the tariff actions in the Section 301 investigation of the People’s Republic of China’s (PRC) Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation. The proposed modifications announced in May 2024 were largely adopted, with several updates to strengthen the actions to protect American businesses and workers from China’s unfair trade practices following the review of more than 1,100 comments from the public. US Trade Representative, Katherine Tai said the September 13th finalized tariff increases target “harmful policies and practices” by China that harm American businesses.
Specifically, USTR’s announcement includes increased tariff rates for tariffs on face masks, medical gloves, needles, and syringes for September 27th, 2024; an exclusion for enteral syringes; a proposal regarding coverage of additional tungsten, wafers, and polysilicon tariff lines; an exclusion for ship-to-shore cranes ordered prior to May 14th, 2024; an expansion of the scope of the machinery exclusions process to include five additional tariff lines; and modification of the coverage of proposed exclusions for solar manufacturing equipment. Annex A contains an informal table of the tariff increases under the 14 product groups specified by the President and the 382 subheadings and 7 statistical reporting numbers, the tariff rates, and years for tariff increases.
The Federal Register notice can be viewed here. RIM logistics, ltd. will continue to monitor the Section 301 Tariffs and will keep you updated as changes occur. Please contact your RIM representative, or contact us at Compliance@rimlogistics.com, should you have any questions or concerns.
