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The U.S. government is now considering multiple possible avenues for tariff relief for companies importing goods for use in combatting the COVID-19 pandemic.
The U.S. government is now considering multiple possible avenues for tariff relief for companies importing goods for use in combatting the COVID-19 pandemic. There are two potential U.S. tariff-relief opportunities that businesses importing into the U.S. should be aware of:
The letter from the Ways & Means and Finance chairmen does not specify every purpose for which this tariff information is being collected, only that it will be used to assist in "proposing or taking appropriate and responsive actions." That said, it clearly contemplates some form of tariff relief — minimally including Congressional support for Section 301 tariff relief, and raises the possibility of customs duty relief. The focus of the USITC report is broad, encompassing "imported goods related to the response to COVID-19", and comes days after the WTO issued a report calling for trade liberalization in goods useful to combat COVID-19.
In view of the foregoing, we recommend that any company importing goods related to the COVID-19 response which are subject to duties (of any type) engage with the USITC to ensure that such goods are encompassed by the USITC's forthcoming report. If you have any questions, please reach out to the below contacts.
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Baker McKenzie has put together a global resource center for all key insights and upcoming webinars as a central repository to assist our clients understand, prepare and respond quickly to the significant legal and business challenges posed by COVID-19. Please use the following link to visit the Coronavirus Resource Center for additional resources. Baker McKenzie understands that these times are challenging for all our clients and we want to assure you we are here to assist.
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