New Tariffs Causing Insufficient Bonds

New Tariffs Causing Insufficient Bonds

U.S. Customs Border and Protection (CBP) recognizes that Section 232 and 301 tariffs are having a significant impact on continuous bond amounts and expect to see an increase in insufficient bonds in the coming months. In the meantime, CBP is urging importers, brokers, and sureties to be mindful when determining bond sufficiency based on Section…

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Official Section 301 Tariff List Announced

Official Section 301 Tariff List Announced

In April, the Trump Administration proposed tariffs on 1,333 items under Section 301 and stated that the official list would be announced June 15, 2018. That official list of products has been announced and separated into two sets. The first set contains 818 items of the originally proposed 1,333 items. These products will be subject…

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Get Duty Drawback on Section 301 Duties

Get Duty Drawback on Section 301 Duties

In a message  from Customs, it has been officially announced that Section 301 duties are eligible for duty drawback. This is great news for importers. Section 301 Background In April, the Trump Administration proposed tariffs on 1,333 items under Section 301 and stated that the official list would be announced June 15, 2018. That official…

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