The Court of International Trade (CIT) has recently announced a class action for IEEPA refunds. On October 8, the CIT said the class action will allow refunds to importers who imported cargo under the now-illegal International Emergency Economic Powers Act (IEEPA)...
Transportar mercancías a nivel internacional puede implicar procesos muy diferentes según el tipo de carga que se necesite movilizar. Enviar una caja al extranjero mediante una empresa de mensajería es un proceso. Trasladar pallets, maquinaria, un contenedor...
DDP stands for Delivered Duty Paid. Under this shipping term, the seller arranges transportation to the agreed destination and handles export and import clearance, including the applicable import duties and taxes. The goods are delivered to the buyer ready for...
CIF and FOB are shipping terms that define the buyer’s and seller’s responsibilities. Under CIF, the seller arranges and pays for ocean freight and cargo insurance to the named destination port. Under FOB, the buyer arranges and pays for the main ocean journey, and...
On May 14th, 2024, the USTR Announced strategic adjustments to Section 301 tariffs following a four-year review. U.S. trade representative Katherine Tai initially backed the retention of the Section 301 tariffs for Chinese products. However, there has been a recent strain on U.S. commerce. Due to this, President Biden supervised Tai in either revising or introducing new tariffs. The revisions are a way to counteract the current policy changes introduced by the People’s Republic of China (PRC). China has given signals that it will soon retaliate against the tariff adjustments. The Chinese government stated that the tariff changes will, “seriously affect the atmosphere of bilateral cooperation.”
Battery part – Rate increase to 25% in 2024
Electric Vehicles – Rate increase to 100% in 2024
Facemasks – Rate increase to 25% in 2024
Lithium-ion Electrical Vehicle Batteries – Rate increase to 25% in 2024
Lithium-ion Non Electrical Vehicle Batteries – Rate increase to 25% in 2026
Medical Gloves – Rate increase to 25% in 2026
Natural Graphite – Rate increase to 25% in 2026
Other Critical Minerals – Rate increase to 25% in 2026
Permanent Magnets – Rate increase to 25% in 2026
Semiconductors – Rate increase to 50% in 2025
Ship to Shore Cranes – Rate increase to 25% in 2024
Solar Cells (Whether or Not Assembled Into Modules) – Rate increase to 50% in 2024
Steel and Aluminum Products – Rate increase to 25% in 2024
Syringes and Needles – Rate increase to 50% in 2024
The USTR will issue a Federal Register notice regarding the adjustments that will outline the exclusion process and give the protocol for public comments on the tariff adjustments. A1 Worldwide Logistics is closely monitoring the changes and is prepared to guide you through the current situation. We offer solutions for adapting to the tariff increase and ensure the best course of action for the shipment. Contact A1 Worldwide Logistics at 305-425-9456 to navigate the current circumstances and ship your cargo internationally.
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