Please take note of the following recent announcements related to Customs Brokerage on imports:
- As per a statement issued by The White House on September 17, President Trump has advised the office of the United States Trade Representative (USTR) to move forward with the implementation of a tariff increase of 10% on $200 billion worth of Chinese imports. The new tariffs are effective September 24, 2018 through December 31, 2018 and are being implemented as a response to what the Administration deems to be unfair trade practices by China. In the event that China neglects to make certain concessions during this time period, tariffs on the final list of affected items will increase to 25 percent on January 1, 2019. The list of goods affected can be seen on the USTR website.
- A Federal Register Notice will be published giving additional information, including, presumably, the right to file for an exclusion from the tariffs. The White House has stated if China were to take retaliatory action against “farmers or other industries” as a result of these tariffs, the U.S. will pursue tariffs on $267 billion of additional Chinese imports.
United States Customs and Border Protection (CBP) has announced that, effective October 1, the minimum Merchandise Processing Fee (MPF) for formal entries (class code 499) will increase from $25.67 to $26.22 and the maximum MPF will increase from $497.99 to $508.70. The Merchandise Processing Fee ad valorem rate of 0.3464% will not change. The Informal MPF (class code 311) will also be increasing to $2.10 from the current $2.00 fee.
As always, AGL will continue to monitor supply chain related events and advise you of any information that may impact the planning of your supply chain.