The U.S. recently announced proposed additional import tariffs, at the rate of 10%, on thousands of classifications of goods of Chinese origin, including wool fiber, yarn, and fabric.
The Office of the U.S. Trade Representative is accepting public comments on the proposal. Specifically USTR wants to hear from you regarding the specific tariff subheadings to be subject to increased duties whether:
- they should be removed from the list;
- they should stay on the list at 10%; or
- they should stay on the list but at a lower or higher rate.
Comments are due by August 17th and must address specific 8-digit tariff subheadings. Agathon Associates can assist U.S. companies in drafting and filing comments. NOTE that good arguments can be made for remove some of the wool fiber classifications from the list and for additional duty of at least 25%, and as high as 68.5%, on some of the wool textile classifications. Due to the complexity of matching the specific tariff subheadings with the products of interest to individual companies submitting comments I strongly urge interested companies to begin the process as soon as possible.
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