90-Day Delay Of Tariff Payments Does Not Include Trump Administration Duties On Chinese Goods
A new rule from the U.S. Treasury Department and Customs and Border Protection will allow importers to delay payment of some tariffs for 90 days on goods imported during March and April 2020, according to a release from the agencies. The delay will not apply to all imports. Notably, the Trump administration’s tariffs on Chinese goods included in Section 232, Section 201 or Section 301 are not eligible. Anti-dumping duties will also not be eligible. Importers must demonstrate “significant financial hardship” to qualify for the temporary tariff delay. “An eligible importer’s operation must be fully or partially suspended during March or April 2020 due to orders from a competent governmental authority limiting commerce, travel, or group meetings because of COVID-19.” Read more at Retail Dive.
