ITC ready to receive import duty reduction, suspension petitions (From American Shipper)
The U.S. International Trade Commission said it is ready to receive petitions requesting temporary duty suspensions or reductions for imports. The 2016 American Manufacturing Competitiveness Act (AMCA) established a new process for determining which imported products will be included in a miscellaneous tariff bill. Previously, Congress played the predominant role in these determinations. Under the AMCA, the ITC must evaluate the petitions to determine whether they meet statutory requirements to be included in the next miscellaneous tariff bill. Once this is complete, the commission files a report with those petitions to the House Ways and Means and Senate Finance committees for their consideration during the development of the legislation. The requested duty suspensions must be noncontroversial and have an annual revenue impact of no more than $500,000. Duty suspensions will only apply to regular customs duties and not punitive tariffs, such as those currently imposed by the U.S. on Chinese goods. The petitions, which are due to the ITC by Dec. 10, must be filed through the agency’s Miscellaneous Tariff Bill Petition System (MTBPS) portal. The ITC also provides an eight-page handbook on its MTB filing procedures. For more info, please go to
https://www.freightwaves.com/news/itc-ready-to-receive-import-duty-reduction-suspension-petitions?utm_campaign=American%20Shipper%20Daily%20Newsletter&utm_source=hs_email&utm_medium=email&utm_content=78098958&_hsenc=p2ANqtz-80UfkluLgYRh9h3belxjQhyvkAOczR7yu4Elro-ZPqUi3BzKBs293di4UOgyK6059XX5vbspEaGqudOR-kLEbtZ1B51A&_hsmi=78098958
Ed. Note: Even though you can file yourself, we recommend getting a competent trade attorney to do this. Your chances of success would be greatly increased.
Jan. 31 Deadline to Request Exclusions from 15 Percent Tariff on China List 4A Goods (From Sandler Travis)
Requests for exclusions from the 15 percent additional tariff on List 4A imports from China may be submitted between Oct. 31, 2019 and Jan. 31, 2020. Any exclusions granted will be effective for one year, starting from the Sept. 1, 2019, effective date of the List 4A tariff. For more info, please go to
https://www.strtrade.com/news-publications-China-301-tariff-list-4-exclusion-102219.html?mkt_tok=eyJpIjoiTnprM1lUTTJPR1E1WlRkaSIsInQiOiJiRWlreWVcL0RzSWt2Q3BITUQwRHZnT3RrMEJrbyt1VGtLM2lDTkwwcVlCemNzbmFycHFxeGZtUGk3SWlCek1TcUZcL05iVFVQbDkzQThkc1gxaEVcL2pNVG5BSnJ3TVBrQTNTTUVzZmk1ekJkQnJ1czFVejIxTGh5Z0JQTEdsWmVzMSJ9#utm_source=tradereport&utm_medium=email
Tariffs endanger $186 billion in US economic activity, study finds (From American Shipper)
Ed. note: This is based on a Port of Los Angeles study and may be somewhat biased – use this info with caution.
Tariffs the U.S. imposed over the past two years – and retaliatory tariffs that followed – threaten more than $186 billion in U.S. economic activity and could add $31 billion to $35 billion in additional costs to manufacturers and consumers, according to a study released [Nov. 12] by the Port of Los Angeles. The study, “By the Numbers: Jeopardizing the National Benefits of Trade through America’s Busiest Port Complex,” is based on international trade moving through the adjacent San Pedro ports of Los Angeles and Long Beach, the country’s largest container port complex. Imports through the two ports flow to every state in the nation, the study points out, and goods grown or manufactured in every state are exported through Los Angeles and Long Beach to global markets, mostly Asia. For more info, please go to
https://www.freightwaves.com/news/tariffs-endanger-186-billion-in-us-economic-activity-study-finds?utm_campaign=American%20Shipper%20Daily%20Newsletter&utm_source=hs_email&utm_medium=email&utm_content=79338845&_hsenc=p2ANqtz--JyzctP29FP1OTqieQQq4nCFBIE4H6V-UX_qU_MKqelEc0lGvD-40i6ql29vLVgweoNaE-_mfq1WhWnGNbyM6UMnW16w&_hsmi=79338845
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