📦Amended Duties on Chinese Imports Due to Synthetic Opioid Crisis
Further Amended Notice of Implementation of Additional Duties on Products of the People's Republic of China Pursuant to the President's Executive Order 14195, Imposing Duties To Address the Synthetic Opioid Supply Chain in the People's Republic of China
Summary
In order to effectuate the President's Executive Order 14195, "Imposing Duties to Address the Synthetic Opioid Supply Chain in the People's Republic of China," as amended by the President's Executive Order 14200, "Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People's Republic of China," and further amended by the President's March 3, 2025 Executive Order, "Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People's Republic of China," which imposed an increase in the specified rates of duty on imports of articles that are products of the People's Republic of China (PRC or China), the Secretary of Homeland Security is amending its February 12, 2025 Notice in the Federal Register, Amended Notice of Implementation of Additional Duties on Products of the People's Republic of China Pursuant to the President's February 1, 2025 Executive Order Imposing Duties to Address the Synthetic Opioid Supply Chain in the People's Republic of China, to reflect that appropriate action was needed to modify the Harmonized Tariff Schedule of the United States (HTSUS) as set out in the Annex to this notice.
Agencies
- Homeland Security Department
- U.S. Customs and Border Protection
Business Impact
$$$ - High
The document outlines significant amendments to import duties on products from China, specifically an increase from 10% to 20% effective March 4, 2025. This directly impacts the cost structure for businesses importing these goods, consequently affecting pricing strategies and profit margins.