With the most recent list of proposed tariffs affecting the housewares industry, the International Housewares Association is encouraging members to contact their congressional representatives or provide comment to the United States Trade Representative (USTR) on the tariffs’ effect on their business.
The List 4 China 301 tariffs proposes up to a 25% tariff rate on approximately $300 billion of goods imported from China. This round comes on the heels of the 25% tariff that went into effect May 10 on $200 billion of goods imported from China, the List 3 tariffs.
“As we’ve said with the previous tariffs, IHA maintains a free and fair trade and anti-tariff position and we are opposed to any policy that adds cost to the supply chain without adding value,” said Derek Miller, IHA president. “With the potential impact of these proposed tariffs, along with the other recently imposed tariffs, we strongly encourage our membership to let the government know how housewares suppliers and, ultimately, consumers will be affected.”
The Federal Register notice was published Friday, May 17, and sets in motion the public comment process. A public hearing will be held in the USTR’s office on June 17 and companies interested in testifying at the hearing must submit their request along with a summary of their expected testimony by June 10.
IHA also has been advising members to be aware that certain goods may be eligible for a duty drawback, Miller said. A duty drawback is the refund of Customs duties, certain Internal Revenue taxes and certain fees that have been lawfully collected at importation. The refund is administered after the exportation or destruction of certain goods. The drawback program is administered by the U.S. Customs and Border Protection (CBP).
IHA encourages members affected by the tariffs to participate in the process and make their voices heard regarding the fourth round of tariff considerations by taking one or more of the following steps: Familiarize yourself with the proposed tariff subheadings included in the action and the potential impacts to your organization. The complete schedule can be found on the USTR’s website at https://www.regulations.gov/document?D=USTR-2019-0004-0001. Members can also provide feedback about potential impacts to your organization during the public comment period in connection with the proposed action, with electronic submissions preferred. June 17, 2019 is the due date for written comments.
Members are also encouraged to contact members of Congress with stories of how the tariffs will impact your business.