Biden Admin. Finalizes Section 301 Tariff Increases on Some Chinese Goods!

[Grandstand Handicapper]

https://www.dorsey.com/newsresources/publications/client-alerts/2024/9/biden-administration-new-tariff-and-import-rules

This topic got a bit of traction last time here.

Ironically,on the exact same day they finalized these regulations.....t he White House announced new proposed rules.....to limit the use of the “de minimis” exemption that currently allows personal baggage and small parcels to avoid payment of certain import duties for low-value goods. These changes would prevent use of the de minimis exemption for any imports subject to Section 201 (safeguards), Section 232 (national security), and Section 301 (unfair trade practice) import duties. In addition, the changes would include enhanced declaration requirements for parties using the de minimis exemption for imports.

[kantseeback]

I'm sure the people at dollar tree, family dollar, dollar general etc are thrilled at this news.