MITA’s Breaking News

MITA Trade Updates

Oct 08, 2018

Sec 301 List #3 went into effect September 24, 2018
  • Covers $200 billion of imports on 5745 HTS  on goods from China
  • 10% additional duty through December
  • 25% additional duty effective January 1, 2019
  • Deadline to file exclusions requests not yet determined
China retaliated with new duties on $60 billion on US exported goods
 
NAFTA 2.O  A/K/A US- Mexico- Canada Agreement
  • Once all countries approve will be effective 3 months later
  • Updated rules of origin with important updates for auto industry
  • Eligibility claims can now be made by exporter, producer or the importer
  • Imports of Autos increased from current quota limits but manufacturing done abroad must use labor earning $16/hour or more and local content will need to reach 75%
  • Form 434 no longer a requirement and may be in free form
  • User fees still exempt
  • Improves access to Canada’s dairy market – for a specific variety of milk

For more updates please attend one of our upcoming monthly events.

Not a member yet? Click here to become a MITA member.