U.S. Updates Tariff Policies on Chinese Goods Amid Cuba Trade Discussions
The U.S. government has reviewed tariffs on specific Chinese products under U.S. note 20(gg) as part of broader trade negotiations involving Cuba. This includes potential exemptions or adjustments for goods transshipped through Cuba.
October 10, 2023
Impact: This could lead to reduced costs for certain Chinese imports routed through Cuba, potentially increasing trade volume between the U.S. and Cuba for these products.
Cuba Seeks to Expand Trade Channels for Chinese Products Under U.S. Tariff Rules
Cuban officials have engaged with U.S. counterparts to clarify the application of U.S. note 20(gg) for Chinese goods entering the U.S. market via Cuba, aiming to boost trade partnerships.
September 25, 2023
Impact: If successful, this may streamline trade processes and lower barriers for Chinese products entering the U.S. through Cuban ports, affecting pricing and supply chains.
U.S. Imposes Stricter Monitoring on Chinese Imports via Cuba
New U.S. Customs regulations target Chinese products under U.S. note 20(gg) entering via Cuba, increasing documentation requirements to prevent tariff evasion.
August 15, 2023
Impact: This may slow down trade flows and increase compliance costs for businesses importing Chinese goods through Cuba, potentially reducing trade in this channel.
