The International Trade Commission this week posted Revision 12 to the 2020 Harmonized Tariff Schedule.
The semiannual update to the HTS implements USMCA, which took effect July 1, and adds new tariff numbers for a variety of products, including diagnostic reagents, covered by a June 2 round of exclusions from the administration’s Section 301 tariff on Chinese imports (85 Fed. Reg. 33775 of June 2, 2020. China Exclusions, 9903.88.50, chapter 99, subchapter III).
In addition to the new USMCA Rules of Origin and USMCA-related tariff changes, the following updates are included in the ITC’s latest revision.
- Removing expired North American Free Trade Agreement provisions.
- Rules of Origin changes for the Singapore, Colombia, and Korea Free Trade Agreements (not yet in effect).
- Generalized System of Preferences technical corrections.
- New statistical breakout categories, including breakouts for certain COVID-19-related products.
Need More Information?
- HTS-related questions? Contact the ITC’s HTS Help Desk.
- More information about the USMCA can be found on the U.S. Customs and Border Protection website here.
- The complete text of the USMCA can be found on the website of the Office of the U.S. Trade Representative here.
Should you have any questions about these modifications to the HTSUS, or other USMCA implementation issues, don’t hesitate to contact one of our knowledgeable trade experts.