USTR Opens Exclusion Process for Section 301 Tariffs
October 16, 2024 – The U.S. Trade Representative (USTR) opened the exclusion process for certain machinery in domestic manufacturing to be temporarily excluded from Section 301 tariffs.
USTR provided a list of eligible subheadings.
The docket closes on March 31, 2025.
Other Stories:
- CBP announced a 30-day request for comments on its Forced Labor portal yesterday. Comments are due November 14, 2024.
- The FMC announced last week that it is monitoring surcharges and fees in connection with this month’s work stoppage at U.S. East and Gulf Coast ports.
- BIS issued guidance last week on how financial institutions can comply with the Export Administration Regulations (EAR).
- An analyst at the Peterson Institute for International Economics said last week that uncertainty surrounding USMCA could cause Mexico to see decreased foreign investment.