China Tariff Relief Outlook Remains Muddled
While possibilities for Section 301 tariff relief are developing on numerous fronts, there remain no clear answers cutting through the noise of Biden administration comments and the wheels of legislative and judicial action are turning at a slow clip, trade attorney David Cohen reported at an SFIA seminar. For those who can’t completely resource out of China and are waiting for these uncertainties to play out, Cohen suggested moving significant processes to change country of origin and using the First Sale valuation as the best options for limiting tariff exposure.
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