U.S. importers need to be aware of the potential impact from major tariff changes expected to take effect on January 1, 2022. Every five years, the World Customs Organization (WCO) recommends updates to the international Harmonized Tariff Schedule (HTS), and these changes may impact the current tariff for goods you import.
Please be prepared for potential changes to your current tariffs by reviewing the WCO Report. While not final, the U.S. International Trade Commission has made their recommendations to conform the U.S. HTS to these changes. They appear in Publication 5171, which contains a correlation table of tariff changes.
The President will issue a proclamation and the new tariffs will take effect 30 days after the posting of the official announcement in the Federal Register. At this time, your imports will be subject to these new tariffs. Please review these resources to allow you to time to comply, and to communicate with your customs broker and update any internal parts database or free trade agreements.
Please direct any questions on expected 2022 U.S. tariff changes, and how they may affect you, to your Livingston account manager.