top of page
Search
  • Writer's pictureStephen Fodor

Hong Kong country of origin requirement extended, EU Trade Update, Country of Origin Webinar



Monday Morning Wake Up Call

August 31, 20 20


CBP Extends Deadline for New Hong Kong Marking Requirement


Importers of goods from Hong Kong can breathe a temporary sigh of relief. Customs and Border Protection has extended the deadline on which their goods must be marked as having Chinese origin.



To Learn more about Country of Origin:

What's the Country of Origin of This Thing and Why Should I Care?




US-EU TRADE UPDATE: US AND EU AGREE TO REDUCE TARIFFS ON CERTAIN PRODUCTS AND THE EU ASKS THE US TO WITHDRAW TARIFFS IN CONNECTION WITH THE LARGE CIVIL AIRCRAFT DISPUTE


On August 21, 2020, the Office of the United States Trade Representative (USTR) issued a Joint Statement with the European Union Trade Commission to announce the first tariff reductions between the US and EU in over 20 years. The tariff reductions will be retroactive to August 1, 2020. The US will reduce tariff rates by 50% on EU products including certain prepared meals, certain crystal glassware, surface preparations, propellant powders, cigarette lighters and lighter parts, with an average annual trade value of $160 million. In exchange, the EU will eliminate tariffs on imports of U.S. live and frozen lobster products, with a trade value of approximately $111 million in 2017.



Please contact us at info@tradelogicintl.com if you have any questions.


5 views0 comments

Recent Posts

See All

Importer Pleads Guilty to Duty Evasion

The owner of a U.S. based import business faces a maximum penalty of five years in prison, a $250,000 fine, a three-year term of supervised release, and a payment of $1,090,000 in restitution. The imp

Subscribe to My Linkedin Newsletter

To help you keep up to date on topics the impact the U.S. international trade community, be sure to read my latest newsletter and subscribe for future updates too. https://www.linkedin.com/posts/trade

Section 301 Duty Exclusions Set to Expire on 12/31/23

Unless Congress acts quickly, the duty exclusions currently in place for certain products imported from China are set to expire on Dec. 31st. Importers who currently enjoy these exclusions on their pr

Comments


  • Twitter
  • LinkedIn
  • Facebook
  • YouTube
  • Instagram

need assistance from a licensed CUSTOMS broker?

Thanks for submitting!

bottom of page