Tuesday 6 February 2018

Pivotal Trade Initiatives: Increased Duties & The Global Supply Chain Impact

The importing community is reacting to the recently announced tariff increases based on a recommendation from the United States International Trade Commission. This led to President Trump’s move to add a 30% tariff on solar cells and up to 50% for imported washing machines. The tariffs on the solar cells would decrease over a four-year period. 

The President is using Section 201 of the Trade Act of 1974, the so-called “escape clause” to take this action. This rarely used statutory provision empowers the President to grant temporary import relief, by raising import duties or imposing non-tariff barriers on goods entering the United States that injure or threaten to injure domestic industries that produce similar goods.  



source https://blog.amberroad.com/blog/the-great-trade-pivot-increased-duties-their-impact-on-your-global-supply-chain

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