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As U.S.-Mexico-Canada Agreement replaced NAFTA, new rules of origin were introduced for products from Mexico, section 301 tariffs on goods of Chinese origin are an ever-present concern, the trade war between the United States and China is escalating trade risks, and more.
The USTR is considering whether to reinstate nearly 550 Section 301 tariff exclusions for products originating in China and has announced a 50-day public comment period – opening Oct. 12 and running through Dec. 1, 2021 – to consider whether to reinstate those exclusions.
Monday, January 11, 2021 Most of you already know Section 301 of the Trade Act of 1974 because of the Trump Administration’s massive China tariffs under Section 301. [1] Now it’s time to get acquainted with a separate process that may result in tariffs on Vietnamese products too. Section 301 authorizes the Office of the United States Trade Representative (“USTR”) to investigate certain foreign trade practices. [2] USTR has initiated a probe into Vietnam’s currency practices, which could lead to tariffs on Vietnamese products, similar to the China tariffs. The Biden trans...