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ARTICLE · 18 SEPTEMBER 2024

USTR Finalizes Action On New And Increased Section 301 Tariffs

In response to the proposed modifications announced in May 2024, USTR received and considered more than 1,100 public comments.

United StatesInternational Law

Highlights

  • The Office of the United States Trade Representative (USTR) largely adopted proposed modifications announced in May 2024 (with the exception of face masks, medical gloves, ship-to-shore cranes, and syringes and needles where there were different rates, implementation dates and/or availability of exclusions).
  • Fourteen exclusions have been granted to temporarily exclude wafer and cell manufacturing equipment from Section 301 duties, and 317 Harmonized Tariff Schedule of the United States (HTSUS) tariff subheadings for machinery have been identified as eligible for consideration of temporary exclusions.
  • Companies and consumers should expect to see increased pricing for Chinese-origin products and inputs as a result of the tariff hikes, as well as the Biden Administration's plan to exclude from the de minimis exemption all shipments containing products covered by Section 301 tariffs.

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