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In September, U.S. Customs and Border Protection announced that the Miscellaneous Tariff Bill Act is effective for over 1600 products entered or withdrawn from warehouse for consumption on or after Oct. 13 and will remain in effect through Dec. 31, 2020. Additionally, according to CBP approximately half of these items are subject to the China 301 additional tariff. CBP states that while such products can benefit from the Miscellaneous Trade Bill, they remain subject to the 25% duty imposed from the Section 301 additional tariff requirement.
Dear Valued Client,
On Sunday, Canada rescinded the Digital Services Tax in an effort to continue trade discussions with the United States.
Reports are that the US President and the Prime Minister of Canada have agreed to continue talks.
Additional updates will follow once they are available.
Dear Valued Client,
Almost 90 days after the President authorized the 90 days PAUSE on higher country rate reciprocal tariffs, some countries have made progress and some have made deals.
As July 8 approaches, there is talk from the President indicating that some of the reciprocal tariffs will go back into effect for countries that have not worked on a deal.
Additional updates will follow once they are available.
The President has announced on Truth Social that all discussions on trade with Canada have been terminated effective immediately. The President stated that the termination is because of years of tariffs on dairy products at 400%, and a recently announced Digital Services Tax on American tech companies.
The President also stated that the tariff rate for Canada will be announced in the next seven days.
Check out the link below:
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