C&T DESIGN SENDS ITS EMPLOYEES TO A TRAINING EVENT TO LEARN FROM A PROFESSIONAL CHEF AS PART OF THEIR CAREER DEVELOPMENT.
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n 2018, former president Donald Trump enacted a sweeping plan to place tariffs on a wide variety of goods that were imported from other countries. Exclusions were put in place for certain items, but for the most part the Section 301 (for imports from China) and Section 232 tariffs (on steel and aluminum products from most countries) have remained intact. According to the U.S. International
Trade Commission (USITC), 2018 marked the fi rst time in more than 30 years that a U.S. president took action under section 232. The reasoning for the tariffs was that “present quantities and circumstance of steel and aluminum imports are weakening our internal economy and threaten to impair the national security as defi ned in section 232.” Put simply, an investigation found that there was excess global capacity of both aluminum and steel at the time. In response, duties were imposed on U.S. imports of certain steel products (25 percent) and certain aluminum products
(10 percent) from all countries except Canada and Mexico. A similar process was used when enacting the Section 301 tariffs, which were rolled out after an investigation of China’s laws, policies, practices, or actions that were deemed unreasonable or discriminatory and harmful to American intellectual property rights, innovation or technology development, according to the USITC. Ranging from 7.5 percent to 25 percent, the Section 301 tariffs on imports from China were divided into tranches or “lists,” and had a combined estimated annual trade value of $250 billion. The tariffs encompassed a wide range of products – over half of the approximately 11,100 HTS eight- digit subheadings in the U.S. tariff schedule – including, but not limited to, advanced technology and machinery products; plastics and plastic articles; and agricultural, mineral, chemical, textile, wood, glass, metal, and furniture products.
“We’re talking about big dollars here. Even if the actual price of the tariffs is obscured when a company buys materials or a shopper pays for groceries, the duties are still there.”
— John Murphy Senior Vice President for International Policy U.S. Chamber of Commerce
Fall 2022 11
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