On Friday, August 21, 2020, United States Customs and Border Protection (CBP) issued a notice in Cargo System Messaging Service CSMS 43729326 to inform the trade that the 45-day transition period for compliance with the President’s Executive Order (EO) 13936 on Hong Kong Normalization has been extended for an additional 45 days from September 25, 2020 to November 9, 2020.
News / 2020
On August 6, 2020, a Presidential Proclamation on Adjusting Imports of Aluminum Into the United States was issued, which will result in a 10 percent Section 232 tariff on imports of non-alloyed unwrought aluminum from Canada.
On Tuesday, August 11, 2020, U.S. Customs and Border Protection (CBP) announced in Federal Register Notice 85 No. 155 FR 48551 that, “in light of the President’s Executive Order on Hong Kong Normalization issued on July 14, 2020, suspending the application of section 201(a) of the United States-Hong Kong Policy Act of 1992 to the marking statute, section 304 of the Tariff Act of 1930, with respect to imported goods produced in Hong Kong, such goods may no longer be marked to indicate ‘Hong Kong’ as their origin, but must be marked to indicate ‘China.’”
On Tuesday, August 11, 2020, U.S. Customs and Border Protection (CBP) announced in Federal Register Notice 85 No. 155 FR 48551 that, “in light of the President’s Executive Order on Hong Kong Normalization issued on July 14, 2020, suspending the application of section 201(a) of the United States-Hong Kong Policy Act of 1992 to the marking statute, section 304 of the Tariff Act of 1930, with respect to imported goods produced in Hong Kong, such goods may no longer be marked to indicate ‘Hong Kong’ as their origin, but must be marked to indicate ‘China.'”
On Tuesday, August 11, 2020, the United States Trade Representative (USTR) office released its eighth set of product exclusions to the Section 301 List 4A products currently subject to a 7.5% tariff in the Federal Register Notice 85 No. 155 FR 48627.
On Tuesday, August 11, 2020, the United States Trade Representative (USTR) office announced the extension of certain product exclusions to Section 301 List 3 products currently subject to a 25% tariff in Federal Register Notice 85 No. 155 FR 48600.
Source: National Retail Federation Press Release – August 10, 2020
Imports at major U.S. retail container ports during 2020 are expected to see their lowest total in four years as the impact of the coronavirus pandemic on the U.S. economy continues, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: Institute for Supply Management – August 6, 2020
Economic activity in the manufacturing sector grew in July, with the overall economy notching a third consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
Importers of goods manufactured in China who have been taking advantage of the one-year Section 301 China tariff exclusions are discovering that their exclusions are now expiring, subjecting their imports to the 25% (List 1-3) or 7.5% (List 4A) tariffs.
