Partner, Trade & Customs, U.S. National Practice Leader, KPMG US
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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.
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Importers of products that are granted exclusions are potentially able to recoup all of the additional Section 301 tariffs they have paid so far.
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.