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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 $52.9 billion in import duties as of January 8, 2020 (see <a href="https://www.cbp.gov/newsroom/stats/trade" target="_blank" rel="noopener">CBP&rsquo;s trade statistics page</a>).</p>
<p>The table below shows that U.S. importers paid more than $42.58 billion in duties from the Section 301 tariffs on imports from China and, as of October 9, 2019, the Section 301 tariffs for certain products of the European Union related to U.S. retaliation resulting from the WTO Large Civil Aircraft Dispute; more than $8.53 billion under the Section 232 tariffs on steel and aluminum; and another $1.42 billion 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: 33.3333%;height: 24px;text-align: center"><strong>Imported Products</strong></td>
<td style="width: 33.3333%;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"><strong>Section 201 Duty Assessment</strong></td>
<td style="width: 33.3333%;height: 24px">Washing Machines</td>
<td style="width: 33.3333%;height: 24px;text-align: right">$167,335,722.10</td>
</tr>
<tr style="height: 24px">
<td style="width: 33.3333%;height: 24px">Washing Machine Parts</td>
<td style="width: 33.3333%;height: 24px;text-align: right">$1,677,105.55</td>
</tr>
<tr style="height: 24px">
<td style="width: 33.3333%;height: 24px">Solar Panels</td>
<td style="width: 33.3333%;height: 24px;text-align: right">$1,255,772,516.63</td>
</tr>
<tr style="height: 24px">
<td style="width: 33.3333%;height: 48px" rowspan="2"><strong>Section 232 Duty Assessment</strong></td>
<td style="width: 33.3333%;height: 24px">Aluminum</td>
<td style="width: 33.3333%;height: 24px;text-align: right">$1,932,725,184.56</td>
</tr>
<tr style="height: 24px">
<td style="width: 33.3333%;height: 24px">Steel</td>
<td style="width: 33.3333%;height: 24px;text-align: right">$6,605,572,887.74</td>
</tr>
<tr style="height: 24px">
<td style="width: 33.3333%;height: 48px" rowspan="2"><strong>Section 301 Duty Assessment</strong></td>
<td style="width: 33.3333%;height: 24px">China</td>
<td style="width: 33.3333%;height: 24px;text-align: right">$42,781,011,047.60</td>
</tr>
<tr style="height: 24px">
<td style="width: 33.3333%;height: 24px">European Union</td>
<td style="width: 33.3333%;height: 24px;text-align: right">$177,771,970.36</td>
</tr>
</tbody>
</table>
<p>When CBP last reported on these trade figures (see <a href="https://www.trumpandtrade.com/2019/07/new-cbp-statistics-show-30-billion-in-collections-from-tariff-actions/">Trump and Trade Update of July 29, 2019</a>), the total amount of these tariff collections was $30.9 billion. In the second half of 2019, the most significant increase under these enforcement actions has been the additional $20 billion collected in the ongoing Section 301 trade action against China.</p>

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SmarTrade

New CBP Statistics Show $52.9 Billion in Collections from Tariff Actions