CBP added the ability in ACE for importers to file entries with the first group of excluded goods from the third tranche of Section 301 tariffs on Aug. 8, it said in a CSMS message. Filers of imported products that were granted an exclusion (see 1908050010) should report the regular Chapters 39, 54, 56, 73, 87 and 89 Harmonized Tariff Schedule number, as well as subheading 9903.88.13, for products subject to Section 301 duties on products from China but that have been granted an exclusion by the Office of the U.S. Trade Representative. “Importers shall not submit the corresponding Chapter 99 HTS number for the Section 301 duties when HTS 9903.88.13 is submitted,” CBP said.

Tariffs Hurt the Heartland says importers paid $6 billion in tariffs in June, up $2.5 billion, or 74 percent, from the same month in 2018. The report, based on Census data, covers the first month when Section 301 tariffs on $200 billion in imports from China were at 25 percent rather than 10 percent. The advocacy group also noted that June was the 11th month in a row that American exports targeted for retaliation declined by more than 15 percent.

Even at only 10 percent, the List 4 Section 301 tariffs due to take effect Sept. 1 on up to $300 billion worth of Chinese imports (see 1908010059) “would have a much larger impact on the U.S. tech sector” than the previous three rounds of 25 percent duties, said an S&P Global Ratings report Monday. The List 4 tariffs would “significantly raise costs for manufacturers and prices for consumers,” much more than current tariffs, it said.

Even at only 10 percent, the List 4 Section 301 tariffs due to take effect Sept. 1 on up to $300 billion worth of Chinese imports (see 1908010059) “would have a much larger impact on the U.S. tech sector” than the previous three rounds of 25 percent duties, said an S&P Global Ratings report Monday. The List 4 tariffs would “significantly raise costs for manufacturers and prices for consumers,” much more than current tariffs, it said.

Even at only 10 percent, the List 4 Section 301 tariffs due to take effect Sept. 1 on up to $300 billion worth of Chinese imports (see 1908010059) “would have a much larger impact on the U.S. tech sector” than the previous three rounds of 25 percent duties, said an S&P Global Ratings report Monday. The List 4 tariffs would “significantly raise costs for manufacturers and prices for consumers,” much more than current tariffs, it said.

Even at only 10 percent, the List 4 Section 301 tariffs due to take effect Sept. 1 on up to $300 billion worth of Chinese imports “would have a much larger impact on the U.S. tech sector” than the previous three rounds of 25 percent duties, an Aug. 5 S&P Global Ratings report said. The List 4 tariffs would “significantly raise costs for manufacturers and prices for consumers,” much more so than the current tariffs, it said.

The Commerce Department issued Federal Register notices on its recently initiated antidumping duty investigations on utility scale wind towers from Canada, Indonesia, South Korea and Vietnam (A-122-867, A-560-833, A-580-902, A-552-825), as well as its new countervailing duty investigations on utility scale wind towers from Canada, Indonesia and Vietnam (A-122-868, A-560-834, A-552-825).

Geopolitical and macroeconomic factors slammed ON Semiconductor’s Q2 revenue, said Chief Financial Officer Bernard Gutmann on a Monday earnings call. A “sharper-than-expected” broad-based inventory correction, largely in the automotive market, drove revenue lower in the quarter, he said.

The Office of the U.S. Trade Representative issued its first set of product exclusions from the List 3 Section 301 tariffs on goods from China. The new exclusions include 10 “specially prepared product descriptions and cover 15 separate requests, said the Friday notice. The product exclusions apply retroactively to Sept. 24, the date the List 3 tariffs took effect at 10 percent. President Donald Trump hiked List 3 to 25 percent on May 10 (see 1905060015). The exclusions will remain in effect until one year after the notice is published in the Federal Register. It took USTR roughly a month to grant the first List 3 exclusions, compared with waits of up to seven months each for Lists 1 and 2. USTR is creating Harmonized Tariff Schedule subheading 9903.88.13 for the new set of exclusions, which include steel pet cages and inflatable boats, kayaks and canoes. Missing from the first of the granted List 3 exclusions were the exemptions Apple sought July 18 on 15 types of components for the Mac Pro desktop (see 1907260027).

Geopolitical and macroeconomic factors slammed ON Semiconductor’s Q2 revenue, said Chief Financial Officer Bernard Gutmann on a Monday earnings call. A “sharper-than-expected” broad-based inventory correction, largely in the automotive market, drove revenue lower in the quarter, he said.