On May 14, 2024, the USTR released its report summarizing the four-year review of the Section 301 tariff actions taken on imports from China.  Following the release of the report, the USTR announced two proposed modifications to the Section 301 China Tariffs.

1.) Increasing the Section 301 tariff in a few key sectors:

Details as to exactly which HTSUS numbers these changes will apply can be found in the USTR publication. The proposed effective date for increases in 2024 would be August 1, 2024. The proposed increases in 2025 and 2026 would be on January 1st of each respective year.

2.) The USTR proposed re-opening up the exclusion application process for products in a few key sectors of machinery.
Importers who are planning to import machinery used in domestic manufacturing should closely review Annex B of the USTR publication.  If your machinery is classified under one of the HTSUS classifications provided in Annex B, you may be able to submit an application to the USTR to request an exclusion from the section 301 tariff. Note that this is only a proposal at this time. If you are interested in applying for a machinery based exclusion, you can submit a comment to the USTR in favor of the proposal