The Franklin Partnership

China Exclusion Request Granted

/ FEATURED NEWS, HEAT TREAT ECONOMIC NEWS, MANUFACTURING HEAT TREAT, OP-ED

Recently, the United States imposed a 25% tariff on thousands of products from China, but permitted U.S. companies to request an exclusion from paying tariffs. In this article, Omar Nashashibi, founding partner of  The Franklin Partnership, LLC, and a resource of Industrial Heating Equipment Association (IHEA), explains the latest news regarding the exclusion and its relevance to structural components for industrial furnaces.

Omar Nashashibi,
Founding Partner,
The Franklin Partnership, LLC

The United States Trade Representative (USTR) has extended an exclusion for importers from paying a 25% tariff on industrial furnace components from China. The exclusion to the China Section 301 tariffs for structural components for industrial furnaces was extended in the Federal Register notice published on July 9, 2020 (85 FR 41267). The exclusion to the 25% tariffs, originally granted in July 2019 and set to expire on June 9, 2020, is now extended through December 31, 2020. The extension of the exclusion to industrial furnace components is one of twelve announced by USTR. Nearly 100 other products, including furnace casings, will see their tariff exclusions expire.

In July 2018, the United States imposed 25% tariffs on $34 billion worth of products imported from China (List 1). Of importance to the industrial heating industry, included in List 1 were parts of industrial electric furnaces and ovens as well as industrial induction or dielectric heating equipment (HTS 8514.90.80).

With this extension, all products meeting the description of “structural components for industrial furnaces” and are classified under the HTS code 8514.90.8000, will continue to be excluded from the 25% tariff. To claim the extended exclusion, importers must report the regular HTS code for the product, as well as the exclusion HTS code: 9903.88.52.

(Photo source: Twitter)

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Policy and Programs That Impact Manufacturers – What You Should Know

/ HEAT TREAT NEWS INDUSTRIES

The ITPS and IFCS will bring together an impressive and diverse group of business leaders to help executives stay on top of the latest trends and innovations affecting their manufacturing operations. This two-day summit will feature two joint general sessions with a total of ten presentations addressing topics that appeal to all manufacturing executives, including:

TRUMP’s Washington: The New Normal?

Omar Nashashibi

Omar Nashashibi, Founder Partner, The Franklin Partnership

President Trump has kept his campaign promise to shake up Washington and it is anything but business as usual in the nation’s capital. Omar S. Nashashibi lobbies Congress, the White House, and federal agencies on behalf of manufacturing companies and other groups. This is your chance to hear directly from a Washington insider about the latest on trade, workforce training, regulations, and implementation of the new tax law, among other timely issues.

Manufacturing USA Initiatives: What They Are and How You Can Benefit

Thomas Kurfess, Ph.D., P.E.

Thomas Kurfess, Ph.D., P.E., HUSCO/Ramirez Distinguished Chair in Fluid & Motion Control and Professor in the Woodruff School of Mechanical Engineering, Georgia Institute of Technology

Manufacturing USA is an initiative focused on coordinating public and private investments in emerging advanced manufacturing technologies that bring together industry, academia, and government partners to leverage existing resources, collaborate, and co-invest in advanced manufacturing innovation. Dr. Kurfess will provide an overview of these initiatives and how manufacturers can benefit from these efforts.

Why I’m Attending:

“ITPS gives me the opportunity to gather general high-level knowledge about the health and trends of my industry, combined with networking opportunities, in a nice atmosphere. I was satisfied with ITPS two years ago, and I’m looking forward to the event this year.”

Daniel Llaguno, President, Nutec Bickley

[button link=”www.itps-ifcs.com” size=”default” icon=”Select a Icon” side=”right” target=”blank” color=”b70900″ textcolor=”ffffff”]Register Now[/button] Save 25% with discount code ED25C.

Registration discounts are available for IHEA, CCAI, MTI, CECOF, JIFMA, VDMA, Electrocoat Association, and WiM members.

For complete Summit information, including hotel reservations and to register, visit ITPS/IFCS. Call 941-373-1830 with questions.

Heat Treat Today is proud to be a co-sponsor of this event.

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