Biden administration releases review of Section 301 tariffs

Published On: May 22, 2024Categories: Industry News, News

The Biden administration recently announced the conclusion of its four-year review of the Section 301 tariffs on imports from China, increasing tariffs on several sectors and establishing a new, very limited exclusion process for domestic machinery. The administration is not removing the current Section 301 tariffs–which impact more than 300 commonly used components, materials and parts used in the marine manufacturing process.

For the past four years, the Biden administration has been reviewing trade and tariff policies for realigning the U.S.-China trade relationship. Throughout the process, the National Marine Manufacturers Association (NMMA) has urged the administration to reinstate all exclusions for marine products and reopen the exclusions process for every imported product currently impacted by Section 301 tariffs. While the complete list of products affected by this action has not yet been released, the White House announcement states that the increased tariffs on Chinese imports are set to target products “across strategic sectors such as steel and aluminum, semiconductors, electric vehicles, batteries, critical minerals, solar cells, ship-to-shore cranes, and medical products.”

The Office of the U.S. Trade Representative intends to issue a Federal Register notice next week announcing procedures for interested parties to comment on the proposed increases in the Section 301 tariffs and information concerning the proposed exclusion process. NMMA said it plans to submit comments. The Federal Register notice should provide additional details on the implementation of the tariff increase and the proposed exclusion process.