Section 232 of the Tariff Act empowers the president to impose “special” additional tariffs on imported items whose importation threatens the security of the defense industrial base. The idea behind the law was to protect the national industrial base against threats posed by cheaper, sometimes more durable imported competition of the same products. The Act…
The U.S. has had an ongoing dispute with numerous foreign countries regarding their taxes on U.S.-origin digital services. These digital services taxes or “DSTs” are viewed as discriminatory against American digital firms who face high tax rates injurious to their businesses. Section 301 of the Trade Act of 1974 empowers the U.S. Trade Representative (“USTR”)…
Tariff Benefits In traveling the country and dealing with industry import specialists, I’m too often struck by the lack of knowledge of the tariff benefits they can gain by classifying their qualifying products under Chapter 98 of the Harmonized Tariff Schedules. You ask, “What is Chapter 98 and what does it provide”?, a question that…