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.’”
News
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.
During the month of July, 2020, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the July 2020 logistics link.
The United States Trade Representative (USTR) office recently released its sixth and seventh lists of product exclusions to the Section 301 List 4A products currently subject to a 7.5% tariff.
On Thursday, July 16, 2020, the United States Trade Representative (USTR) announced in the Federal Register Notice 85, No. 137 FR 43292, that effective January 6, 2021, the United States will impose a 25 percent tariff on $1.3 billion of imports from France. The 21 items affected include cosmetics, soaps and handbags as specified in the notice and at the bottom of this trade alert.
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