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?
To sign up: https://www.bigmarker.com/braumiller-law-group-pllc/What-s-the-Country-of-Origin-of-This-Thing-and-Why-Should-I-Care?show_live_page=true
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.
To Read More: https://www.gdlsk.com/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/
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