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68 THE DISTRIBUTOR’S LINK GLOBALFASTENERNEWS.COM by JASON SANDEFUR www.globalfastenernews.com SECTION 301 TARIFF REVIEW CONTINUES The Biden administration is nearing the end of a lengthy review on whether to adjust or extend Section 301 tariffs on a variety of goods and materials from China. The tariffs, imposed in 2018 under the Trump administration, set levies on nearly $400 billion in Chinese products. The tariffs include 25% duties on bolts, screws and other fasteners (HTS subheadings 7318.11.00 to 7318.29.00) manufactured in China and 15% on all Chinese iron and steel nuts (HTS subheading 7318.16.00). In May 2022, the Office of the U.S. Trade Representative initiated a legally-required four-year review of the Section 301 tariffs that focused on tariff efficacy in changing Chinese discriminatory practices and the impact of the tariffs on the U.S. economy, workers and consumers, among other considerations. More than 18 months later, the review remains unfinished, which the National Association of Manufacturers finds concerning. NAM is urging USTR to finish and publish it—and to take actions that “reduce the burdens on manufacturers while maintaining appropriate leverage to incentivize China” to adhere to its commitments. “Ideally, USTR will conclude the four-year review in the next few weeks and make the results public,” said NAM Senior Director of International Policy Ali Aafedt. “We would like to see the results reflect the 1,498 public submissions USTR received during the process and the reduction or removal of some of the tariffs that are harming manufacturers in the U.S. more than they’re creating leverage on China.” Currently there are 429 existing exclusions from the tariffs—including 77 COVID-19-related products and 352 reinstated exclusions—which are in effect through May 31. NAM has also been pushing for a new process that allows manufacturers to ask the government to exclude specific products they need from the tariffs. “The last opportunity to petition USTR for relief from Section 301 tariffs was in 2020, and a new exclusion process will help to better align the tariffs with U.S. economic goals,” said Aafedt. BUSINESS FOCUS ARTICLE CONTINUED ON PAGE 124
Star Stainless, a leading wholesale distributor of high-quality stainless steel products, today announced its partnership with SmartCert, the platform built for cert management. Through this collaboration, Star Stainless will leverage SmartCert’s network to send certs to its customers electronically, streamlining the delivery process and eliminating the potential for missing paperwork. “We are excited to partner with SmartCert to provide a more efficient and convenient experience for our customers,” said Tim Roberto, Division President of Star Stainless. “By transitioning to SmartCert, we can eliminate the time and hassle of chasing paperwork. This will not only improve our customer service but also free up our internal resources to focus on other important areas of our business.” SmartCert’s platform offers a secure and easy-touse solution for sending, receiving, and managing digital certificates. Customers can access their certificates anytime, anywhere, from any device and receive free, unlimited secure storage. “We are thrilled to welcome Star Stainless to the SmartCert network,” said Lonni Kieffer, co-founder of SmartCert. “Over 1200 companies have already chosen SmartCert to eliminate paperwork hassles, reduce costs, and create more time for the work that drives their businesses forward. We are confident that Star Stainless will experience the same benefits and look forward to helping them achieve their business goals.” Star Stainless, a division of Lindfast Solutions Group, is a leading wholesale distributor of highquality stainless steel products. The company offers a wide range of products, including bolts, nuts, washers, pins, screws, socket products, hose clamps, rivets, and rod for a variety of industries. Star Stainless is committed to providing its customers with the highest quality products and services. SmartCert is the only network built for certs. The company’s platform helps businesses large and small receive, process, organize and send required documentation. SmartCert is used by over 1200 companies in more than a dozen industries. For more information about Star Stainless visit them online at www.starstainless.com. THE DISTRIBUTOR’S LINK 69
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advertisers index E E & T FASTENERS
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