Trade Updates from A.N. Deringer

The following is provided by AIV member A.N. Deringer:

Hong Kong’s Special Trade Status Ended

On July 14, 2020, an executive order from President Trump ended Hong Kong’s special trade status stating the “Special Administrative Region of Hong Kong (Hong Kong) is no longer sufficiently autonomous to justify differential treatment in relation to the People’s Republic of China (PRC or China).”

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Section 301 Tariffs Being Applied to French Goods in 2021

The U.S. Trade Representative (USTR) announced on July 10, 2020, that certain French goods would be subject to Section 301 duties. The USTR will apply a 25% duty on 21 tariff lines, including cosmetics, soaps, and handbags.

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Court Weighs in on Section 232 Actions on Turkish Steel

A Court of International Trade (CIT) panel shared in a July 14th decision that President Trump violated Section 232’s procedural requirements regarding tariffs on Turkish steel. The decision concerned a 2018 action when President Trump raised Section 232 tariffs on Turkish steel from 25% to 50%, implementing the increase approximately eight months after the Commerce Department published its report.

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A.N. Deringer, Inc. is a leading provider of international logistics services including Freight Forwarding, Warehousing & Distribution, Customs Brokerage, Logistics Consulting, Cargo Insurance, and Meat Inspection. Deringer combines over 30 US offices with a global agency network to facilitate the movement of cargo throughout the world.