Developing your Section 301 trade mitigation strategy

The United States and China have shifted gears from threats to action in an increasingly hostile global trade environment. On September 24, the trade war reached a new height, with the U.S. implementing additional tariffs on $200 billion in Chinese-origin goods.

Andrew Siciliano

Andrew Siciliano

Partner, Trade & Customs Lead, KPMG (US)

+1 631-425-6057

Please note that because the situation is fluid and evolving on a near-daily basis, frequent updates are necessary to help ensure your company is equipped with the most current information.

 

Developing your Section 301 trade mitigation strategy

The U.S. and China have shifted gears from threats to action in an increasingly hostile global trade environment. These times call for quick movement by company leaders to seek out tariff mitigation planning that could help alleviate lost revenue from the increased duty rates. KPMG can help.

Section 301-granted exclusions: How your firm can benefit

U.S. Trade Representative announced that an initial round of Section 301 exclusions were granted in December 2018. Some exclusions have been granted at the 10-digit Harmonized Tariff Schedule (HTS) code level, while other exclusions have used a product specific description. There are seven HTS codes where any product under those codes is granted an exclusion, and these will apply to anyone importing products under those HTS codes that originate in China under those HTS codes. Importers should also determine if the product specific description exemptions could apply to their imports that originate in China.

2018 Tariff update and impact analysis

In recent months, the U.S. government has taken significant tariff action, affecting a variety of product in a wide arrange of industries. In light of these developments, KPMG's Trade & Customs team is happy to share this update.

Automotive industry tariff mitigation strategy

With tariffs on steel, aluminum, and certain goods and materials from China already in place, the U.S. trade team has negotiated the United States Mexico Canada Free Trade Agreement (USMCA) which tightens the rules on finished vehicles and automotive parts.