Hybrid hydraulic floor jacks are eligible for exclusion from Section 301 duties under Harmonized Tariff Schedule secondary subheading 9903.88.46, CBP headquarters ruled in a recently released ruling. CBP said that the ruling came in response to an application for further review from Costco regarding the applicability of Section 301 tariffs on its imported Arcan 3-ton Professional Grade Hybrid Service Jacks.
The high-profile House Select Committee on China is recommending that the de minimis threshold of $800 be reduced "with particular focus on foreign adversaries including the PRC."
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Although experts gathered to talk about what legislative initiatives a House select committee on China might recommend, and they did that, they couldn't resist speculating about what the Biden administration will do to confront China's broken promises to liberalize and open up. The program, organized by the Washington International Trade Association, was held May 19.
The leaders of the House Foreign Affairs Subcommittee on the Indo-Pacific are trying to pass legislation to give the president the ability to respond to economic coercion of allies, but Chair Young Kim, R-Calif., asked witnesses at a subcommittee hearing she convened to advise what else could be done to stand up to China's economic aggression.
Former U.S. trade representative Robert Lighthizer, who got the most attention from members of a House select committee at a lengthy hearing on Chinese economic aggression, argued that the actions President Donald Trump took to discourage imports from China were not nearly enough, and that even removing China from most favored nation status would not be enough to protect American manufacturers from China's predation, because some of the Column 2 tariffs, such as those on cars, are not high enough. Ending China's MFN status "would be one of the greatest things you could possibly do for American manufacturing," he declared.
The International Trade Commission recently released Revision 5 to the 2023 Harmonized Tariff Schedule, which extended four COVID-related product exclusions covered by secondary subheading 9903.88.66 until June 1, 2023 (see 2305120054). Those products are currently exempted from additional duties imposed by Section 301 tariffs of 25% under subheading 9903.88.01.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.