On Wednesday, October 2, 2019, the United States Trade Representative (USTR) office issued a press release in response to a World Trade Organization (WTO) finding that $7.5 billion in subsidies provided to Airbus by the European Union (EU) have “seriously injured” the United States (U.S.) aerospace industry. As a result of the findings, the U.S. will place WTO-approved tariffs on EU goods.
News / Industry News
On Friday, September 27, 2019, the United States Trade Representative (USTR) office released two notices of product exclusions to the Section 301 List 1 and 2 products currently subject to a 25% tariff as follows:
Source: Institute for Supply Management October 1, 2019
Economic activity in the manufacturing sector contracted in September, and the overall economy grew for the 125th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
On Tuesday, September 17, 2019, the United States Trade Representative (USTR) office released three notices of product exclusions to the Section 301 List 1-3 products currently subject to a 25% tariff as follows:
On Wednesday, September 11, 2019, the president of the United States announced that “as a gesture of good will” the United States will delay the 5% increase in tariffs on $250 billion worth of Chinese imports originally scheduled for October 1, 2019. The increase is now scheduled for October 15, 2019.
Source: National Retail Federation Press Release – September 10, 2019
Imports at the nation’s major retail container ports reached unusually high numbers just before new tariffs on goods from China took effect September 1, and are expected to surge again before another round of tariffs takes effect in December, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: Institute for Supply Management – September 3, 2019
Economic activity in the manufacturing sector contracted in August, and the overall economy grew for the 124th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
On Thursday, August 29, 2019, the United States Trade Representative (USTR) issued a request for comments concerning Section 301 actions. This comment period is specific to the increase in tariffs from 25 percent to 30 percent for Section 301 Lists 1-3 valued at $250 billion previously announced in the USTR Statement on Section 301 Tariff Action Regarding China. These new tariffs are set to increase on October 1, 2019.
On Friday, August 23, 2019, the United States Trade Representative (USTR) office released the USTR Statement on Section 301 Tariff Action Regarding China in response to China’s “unjustified tariffs targeting U.S. products.”
The United States will be increasing by 5% the tariffs on approximately $550 billion worth of Chinese imports as follows:
The Federal Register Notice 84 FR 43304 published by the United States Trade Representative (USTR) Tuesday, August 20, 2019, announced the specifics related to the next steps for processing the new 10% tariffs on $300 billion of China products announced on August 13, 2019.