ARTICLE
23 September 2024

USTR Finalizes Section 301 Tariff Modifications Following Four-Year Review

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Lowenstein Sandler

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Lowenstein Sandler is a national law firm with over 350 lawyers working from five offices in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. We represent clients in virtually every sector of the global economy, with particular strength in the areas of technology, life sciences, and investment funds.
On September 13, the Office of the U.S. Trade Representative released a Federal Register notice detailing final modifications to Section 301 tariffs on Chinese imports following its statutorily mandated four-year review.
United States International Law

On September 13, the Office of the U.S. Trade Representative released a Federal Register notice detailing final modifications to Section 301 tariffs on Chinese imports following its statutorily mandated four-year review.

Key points:

  • New tariffs will take effect on September 27 for increases scheduled in 2024. Increases for 2025 and 2026 will apply from January 1 of each respective year.
  • Tariff increases target strategic sectors, including electric vehicles, batteries, semiconductors, solar cells and medical products.
  • Changes from the May 2024 proposal include:
    • Increased tariffs on facemasks, medical gloves and syringes/needles
    • Exclusion for enteral syringes through January 1, 2026
    • Exclusion process for ship-to-shore cranes ordered before May 14
  • An exclusion process for certain machinery used in domestic manufacturing will be launched soon.
  • Fourteen temporary exclusions for solar manufacturing equipment were approved, effective retroactively to January 1 through May 31, 2025.

The final list of affected products and tariff rates can be found in Annex A of the Federal Register notice. Importers should review the final product list carefully to determine impacts on their supply chains and consider strategies to mitigate increased costs.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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