COVID-19 Webinar: Protect Your Bottom Line – Relief from China 301 duties and a 90-day tariff deferral
Speakers: Rich Harper, Manager of International Trade, Outdoor Industry Association
Nicole Schude, Of Counsel, Sorini Samet & Associates
Megan Costello, Vice President, Trade & Customs Policy, Sorini Samet & Associates
As they deal with the COVID-19 crisis, outdoor companies may be able to utilize two programs to secure much-needed tariff relief.
If you are a U.S. importer of an impacted product, you could be eligible for retroactive duty refunds from the China 301 tariffs. The Office of the United States Trade Representative (USTR) has granted many product-specific exclusions from these duties, and many requests are still pending. If your product is eligible, additional action needs to be taken to ensure your ability to obtain a full retroactive refund.
Additionally, the Trump administration announced last week that it would grant a 90-day deferral on all tariffs, taxes and fees on a select group of products imported into the U.S. in March and April of 2020 for companies impacted by COVID-19.
Learn how your company can utilize these programs to protect your bottom line.