Solar manufacturing equipment imported from China will automatically be exempt from 301 tariffs, but a notice published by the Office of U.S. Trade Representative is unclear on when those tariffs will be lifted. A spokesperson said they will be effective on the day the notice is published in the Federal Register.
Five products identified by the Biden administration as deserving 100% Section 301 tariffs for strategic reasons -- electric vans, buses, low-speed golf-cart like EVs, electric cars, and plug-in hybrids -- will see higher rates on Aug. 1.
Former House Ways and Means Committee Chairman Kevin Brady of Texas, who led the committee when the major tax cuts were written and passed during the Trump administration, is joining Akin's lobbying practice. Brian Pomper, former chief international trade counsel when Sen. Max Baucus, D-Mont., led the committee, now is co-lead of the lobbying practice. He said: "With the novel USMCA review process starting in earnest next year and the need to navigate difficult trade issues like the Section 301 tariffs on China, Brady’s distinguished career at the forefront of shaping trade policy will bring unparalleled perspective and insight to our clients at a critical time.”
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A Federal Register notice that will be made public this week will announce decisions on which of the current Section 301 tariff exclusions can continue, according to Brian Janovitz, chief counsel for China trade enforcement in the Office of the U.S. Trade Representative.
American, German and British environmental and trade politics experts agreed at an American-German Institute event on "Squaring the Transatlantic Circle" on climate policy that although it seems like Western Europe and the U.S. should be united on goals and interests, their economic competition and even pride stand in the way.
Rep. Elise Stefanik, R-N.Y., introduced Drones for First Responders, a bill that would impose a 30% tariff on Chinese drones, with a 5% escalation annually. The bill, co-sponsored by House Select Committee on China Chairman John Moolenaar, R-Mich., along with Reps. Rob Wittman, R-Va., Ashley Hinson, R-Iowa, and Jim Banks, R-Ind., would use the revenue to help farmers, first responders and critical infrastructure facilities to purchase drones made in the U.S. or by allies. The bill also would require that drones imported in 2030 or later not contain certain components made in China.
The Bureau of Industry and Security is eliminating 12 general approved exclusions from Section 232 tariffs on steel and aluminum, it said in a final rule released May 17.
Many importers who were hit with Section 301 tariffs six years ago expected they would be rolled back in 18 months or two or three years, said Nicole Bivens Collinson, director of Sandler Travis's international trade and government relations practice. Then, once that didn't happen, they thought they'd see what happened in the Biden administration.
Sen. Marco Rubio, R-Fla., criticized President Joe Biden's decision to hike tariffs on Chinese electric vehicles under Section 301. Once the change is implemented, a Polestar or Volvo EV would be taxed at 102.5% rather than 27.5%. Rubio, in a letter sent May 14, said the tariff on cars with internal combustion engines must be equally high, because China exported 3.7 million ICE vehicles last year, compared with 1.2 million EVs.