Tag: duties

Overview This past weekend, U.S. Customs and Border Protection (CBP) announced that in light of COVID-19, they would amend the regulations to temporarily postpone the deadline for payment of duties, taxes, and fees for 90 days for those importers facing significant financial hardship. Under the National Emergencies Act on March 13, 2020 and the President’s…

In response to the U.S. imposition of additional tariff increases on May 10, 2019, China’s Ministry of Finance announced that they will increase tariffs on about $60 billion of U.S. goods on June 1, 2019. List 1 encompasses 2,493 line items which will be assessed duties at 25%. There are 3 other lists that have…