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Hour and 45 minutes. The Small Business committee will come to order. Before i give my Opening Statement in regards to todays subject, i do want to express all of our concerns about the devastation that is taking place in kentucky. The flooding has been just horrible to see. We know these Natural Disasters are very, very hard on the community. Our prayers are with those who have been victimized by the flooding. We recognize that there are many needs to how we respond as a nation to deal with this Natural Disaster. I know our country will do anything they can, we see the resiliency of the peopl...

On Oct. 1, 2018, the U.S., Mexico, and Canada finalized a new trade agreement to replace the North American Free Trade Agreement.

Will the Trump Administration Extend the Deadline? Given the Administration’s silence on how it plans to address the expiration of the Section 301 exclusions, we believe that the exclusions will expire at the end of December 2020. Will an Incoming Biden Administration Repeal the Section 301 Duties? In the near term, we think it is unlikely that the Biden Administration will make any significant changes to the current Section 301 regime. As noted in our previous post here, President-Elect Biden has not affirmatively committed to discontinuing the use of Section 301 tariffs on goods imported ...

Wednesday, December 23, 2020 While many of us anxiously await putting 2020 behind us, the start of the new year may have significant import duty implications for many U.S. companies. On December 31, two significant U.S. import duty relief programs are set to expire: the Section 301 exclusions and the Generalized Systems of Preference (“GSP”). That will cause U.S. customs duties to rise on certain products. Importers should be prepared for these changes. Section 301 Tariffs on Chinese Goods TL;DR: Section 301 exclusions are probably going away December 31. Plan accordingly. Back...