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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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<p>According to recently released U.S. Customs and Border Protection (CBP) data, the agency has assessed, as a result of tariffs implemented through U.S. government actions under Section 232 of the Trade Expansion Act of 1962 and Sections 201 and 301 of the Trade Act of 1974, approximately $30.9 billion in import duties as of July 24, 2019 (see CBP&rsquo;s <a href="https://www.cbp.gov/newsroom/stats/trade" target="_blank" rel="noopener">trade statistics page</a>). The table provided below shows that U.S. importers paid more than $22.1 billion in duties from the Section 301 tariffs on imports from China; more than $7 billion under the Section 232 tariffs on steel and aluminum; and another $933 million in duties under the Section 201 safeguard actions involving washing machines and solar cells.</p>
<table style="border-collapse: collapse;width: 100%" border="1">
<tbody>
<tr style="height: 24px">
<td style="width: 33.3333%;height: 24px;text-align: center"><strong>Trade Remedy Enforcement</strong></td>
<td style="width: 26.3133%;height: 24px;text-align: center"><strong>Imported Products</strong></td>
<td style="width: 26.7233%;height: 24px;text-align: center"><strong>Total Duties Assessed</strong></td>
</tr>
<tr style="height: 24px">
<td style="width: 33.3333%;height: 72px" rowspan="3">Section 201 Duty Assessment</td>
<td style="width: 26.3133%;height: 24px">Washing Machines</td>
<td style="width: 26.7233%;height: 24px;text-align: right">$164,819,591.87</td>
</tr>
<tr style="height: 24px">
<td style="width: 26.3133%;height: 24px">Washing Machine Parts</td>
<td style="width: 26.7233%;height: 24px;text-align: right">$1,305,815.76</td>
</tr>
<tr style="height: 24px">
<td style="width: 26.3133%;height: 24px">Solar Panels</td>
<td style="width: 26.7233%;height: 24px;text-align: right">$767,170,784.31</td>
</tr>
<tr style="height: 24px">
<td style="width: 33.3333%;height: 48px" rowspan="2">Section 232 Duty Assessment</td>
<td style="width: 26.3133%;height: 24px">Aluminum</td>
<td style="width: 26.7233%;height: 24px;text-align: right">$1,897,965,757.93</td>
</tr>
<tr style="height: 24px">
<td style="width: 26.3133%;height: 24px">Steel</td>
<td style="width: 26.7233%;height: 24px;text-align: right">$5,974,830,872.48</td>
</tr>
<tr style="height: 24px">
<td style="width: 33.3333%;height: 24px">Section 301 Duty Assessment</td>
<td style="width: 26.3133%;height: 24px">China</td>
<td style="width: 26.7233%;height: 24px;text-align: right">$22,111,718,487.58</td>
</tr>
</tbody>
</table>
<p>While $30.9 billion may seem significant, consider that U.S. trade &ndash; both goods and services &ndash; with China totaled an estimated $737.1 billion in 2018. According to the Office of the U.S. Trade Representative (USTR), U.S. exports to China were $179.3 billion and imports were $557.9 billion. China remains the United States&rsquo; largest trade partner in goods.</p>
<p>Due to China&rsquo;s retaliation in the form of its own tariffs &ndash; primarily on U.S. agricultural products &ndash; the Trump administration is providing two rounds of financial support to U.S. farmers. In 2018, the U.S. Department of Agriculture (USDA) provided $12 billion in relief to farmers affected by the trade disputes with China and other countries (see <a href="https://www.usda.gov/media/press-releases/2018/08/27/usda-announces-details-assistance-farmers-impacted-unjustified" target="_blank" rel="noopener">USDA Announces Details of Assistance for Farmers Impacted by Unjustified Retaliation</a>). Currently, the USDA is preparing to provide another $16 billion through USDA&rsquo;s Market Facilitation Program, Food Purchase and Distribution Program and Agricultural Trade Promotion Program (see <a href="https://www.usda.gov/media/press-releases/2019/07/25/usda-announces-details-support-package-farmers" target="_blank" rel="noopener">USDA Announces Details of Support Package for Farmers</a>).</p>

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SmarTrade

New CBP Statistics Show $30 Billion in Collections from Tariff Actions