On May 14th, President Biden directed the US Trade Representative, Katherine Tai, to increase tariffs under Section 301 of the Trade Act of 1974 on $18 billion of imports from China.
The Office of the United States Trade Representative (USTR) announced September 13, 2024, final modifications concerning the statutory review of the tariff actions in the Section 301 investigation of the People’s Republic of China’s (PRC) Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation.
The proposed modifications announced in May 2024 were largely adopted, with several updates to strengthen the actions to protect American businesses and workers from China’s unfair trade practices following the review of more than 1,100 comments from the public.
“Today’s finalized tariff increases will target the harmful policies and practices of the People’s Republic of China that continue to impact American workers and businesses,” said Ambassador Katherine Tai. “These actions underscore the Biden-Harris Administration’s commitment to standing up for American workers and businesses in the face of unfair trade practices.”
Tariff increases slated for 2024 will become effective for subject merchandise entered for consumption, or withdrawn from warehouse for consumption, on or after September 27, 2024.
For more information and the complete press release, please follow this link to the USTR Press Office Website.
The Federal Register Notice detailing all impeding changes as well as their effective dates can be found here.
If you have any questions or concerns, please contact the Willson International U.S. Regulatory Team at transitionteamus@willsonintl.com.