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Dutycalc Data Systems was founded in 1988 as a software and consulting company that designs, develops and implements management support systems for the import, export and brokerage communities. Our primary area of focus is Duty Drawback and the implementation of our fully automated Drawback System.

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6300 Stanley Dr
Auburn, Ca
95602

+1 (530) 637-1006

info@dutycalc.com

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Duty Calc - Duty Drawback Software and Consulting Company

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Section 301 Developing News

Section 301 Developing News
Wednesday, 20 February 2019 / Published in Drawback, drawback service, drawback software, export tax, import tax, Section 301

Section 301 Developing News

Section 301 Developing News

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Last month we left off with an understanding of where the United States and China currently stand in the Section 301 trade war. At the beginning of the year the United States initially planned to increase rates on list three items to 25%. However, the United States granted a 90 day period in which the rates on list three items would remain at 10%, allowing more time for an agreement to be made between both countries before raising the rates. The two countries are still trying to come to an agreement. Below are some updates on the trade war.

On Monday February 11, “the Dow Jones Industrial Average closed 53.22 points lower at 25,053.11, giving up an earlier gain of 90 points. The S&P 500 ended the day up less than 0.1 percent at 2,709.80 as gains in the industrials sector were capped by losses in health care and communications services. The Nasdaq Composite closed 0.1 percent higher at 7,307.90” according to CNBC. The United States is halted at a waiting point and not much fluctuation will occur as people are just waiting out to see the likelihood of a trade deal.

There is speculation that the two Presidents will meet in Florida within the next month or so. This week the United States and China will continue to try and strike a deal by focusing specifically on intellectual property. United States Trade Representative Robert Lighthizer wishes to operate in an environment where technology, innovation, and know-how are all protected.

Analysts expect a deal as early as the end of this month. China needs a deal badly to calm the United States’ President from imposing another round of tariffs on imports from China. It has been reported that last month, the Chinese economy grew at it’s slowest pace in 28 years.

A deal is on the horizon and drastic changes are in the near future. Stay updated on Section 301 news here on the DutyCalc blog.

Section 301 Developing News
Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service
Tagged under: drawback consulting, drawback software, import export drawback, import export tax

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    Dutycalc Data Systems was founded in 1988 as a software and consulting company that designs, develops and implements management support systems for the import, export and brokerage communities. Our primary area of focus is Duty Drawback and the implementation of our fully automated Drawback System.

    COMPANY INFO

    6300 Stanley Dr
    Auburn, Ca
    95602

    +1 (530) 637-1006

    info@dutycalc.com

    WE'RE SOCIAL

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