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- Importers Facing “Economic Hardship” May Seek To Delay Payment of Ordinary Tariffs For 90 Days: Punitive Tariffs and Trade Remedies Excluded
Importers Facing “Economic Hardship” May Seek To Delay Payment of Ordinary Tariffs For 90 Days: Punitive Tariffs and Trade Remedies Excluded
April 20, 2020, Covington Alert
In response to ongoing requests for tariff relief from importers facing economic hardship during the COVID-19 crisis as well as pressure from Congress, U.S. Customs and Border Protection (“CBP”) and the U.S. Department of the Treasury released a joint temporary final rule on April 19, 2020, that provides importers with an option to delay the payment of certain import duties, taxes, and fees for 90 days.
Recent Developments and the Future Outlook for the Ongoing US-EU Large Civil Aircraft Trade Dispute
November 16, 2020, Covington Alert
Latest Developments In the latest tit-for-tat action in a long-running trade dispute between the United States (“US”) and the European Union (“EU”), the EU announced that effective November 10, 2020 it would apply a 25% tariff on products found in 136 8-digit Harmonized Tariff Schedule (“HTS”) numbers ranging from vitamins to video game consoles. (The full list ...
January 28, 2020, Covington Alert
Because labor-related obligations in existing U.S. trade agreements are general and largely hortatory, few enforcement actions have been taken with regard to these obligations. The labor obligations in the Agreement between the United States of America, the United Mexican States and Canada (“USMCA” or “Agreement”), however, are specific and likely to be ...
October 21, 2019, Covington Alert
On October 18, 2019, the U.S. Administration announced the launch of a new product-specific exclusion request process for tariffs on approximately $112 billion in Chinese imports that were imposed on September 1, 2019. The exclusion process will close on January 31, 2020, and its requirements are similar to those applicable to the latest exclusion process for an ...