relative file path for layout
Skip to main content  Skip to search  Skip to main menu
Trade and Industry Department The Government of the Hong Kong Special Administrative Region
Brand Hong Kong - Asia world city
MY COLOUR

Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref. : EIC 111/2/18
EIC 111/3
EIC 111/3/13
CR EIC 111/1/13/3

24 May 2022

Dear Sirs,

Commercial Information Circular No. 416/2022

US : Investigation on Economic Impact of Section 232 and 301 Tariffs on US Industries

The US International Trade Commission (USITC) issued a Federal Register (FR) notice on 10 May 2022 to announce its investigation into the economic impact of Section 232 and 301 tariffs on US industries. The USITC will be holding a public hearing on 21 July 2022 and taking in written submissions in connection with the investigation.

DETAILS

Section 232 Tariffs

2.On 23 March 2018, the US imposed additional tariffs of 25% and 10% on steel and aluminium products respectively imported from all countries/economies (except certain economies which are fully exempted or subject to quotas) under the Section 232 investigation. The US further included certain derivatives of steel and aluminium products for the additional tariffs on 8 February 2020. The US has also developed an exclusion process for manufacturers to submit requests for the exclusion of specific products from the additional tariffs.

Section 301 Tariffs

3.Since July 2018, the US has imposed additional tariffs on Mainland products worth approximately US$370 billion under the Section 301 investigation in four tranches (Lists 1-3: 25%; List 4A: 7.5%). The US also initiated exclusion processes for stakeholders to submit requests for the exclusion of specific products from the additional tariffs.

4.On 10 May 2022, the USITC issued an FR notice to announce its investigation into the economic impact of Section 232 and 301 tariffs that were active as of 15 March 2022 on US industries. According to the notice, a public hearing will be held on 21 July 2022 and information about the hearing will be posted on ITC's website at (https://usitc.gov/research_and_analysis/what_we_are_working_on.htm). In lieu of or in addition to participating in the hearing, interested parties are invited to file written submissions concerning this investigation.

5.For further details, please refer to :

  • USITC's notice of 10 May 2022 at https://www.govinfo.gov/content/pkg/FR-2022-05-10/pdf/2022-10021.pdf
  • USITC's press release of 5 May 2022 at https://www.usitc.gov/press_room/news_release/2022/er0505ll1927.htm

ENQUIRIES

6.For enquiries concerning the content of this circular, please contact Miss K Y HO at telephone number 2398 5405.

Yours faithfully,

(Ms Sandra Fung)
for Director-General of Trade and Industry

Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.