TIA Retains Law Firm to Help Industry Navigate Tariff Threat
NEWS SOURCE: Tennis Industry News
HILTON HEAD ISLAND, S.C. (May 30, 2019) —The Tennis Industry Association has retained an international trade, customs and export law firm to help tennis industry manufacturers with efforts to have proposed new tariff increases excluded on tennis equipment.
The latest escalation of the trade war with China has the potential to severely impact the tennis industry, following the U.S. Trade Representative (USTR) May 13 release of a new list of additional tariffs of up to 25 percent on an import value of approximately $300 billion. The firm of Sandler, Travis & Rosenburg (ST&R) is assisting the TIA in challenging these new tariffs and will appear at a USTR public hearing in Washington, D.C., in mid-June.
The new “Proposed List 4” containing 3,805 full and partial subheadings covers essentially all products not already subject to Section 301 additional tariffs. The tariff hike could be implemented any time after June 24 in any amount up to 25 percent, on top of the regular rate of duty.
POSTED ON May 30, 2019