AAFA calls for tariff relief as US industry deals with shipping crisis

This follows a letter sent to President Joseph R Biden on Monday regarding the shipping crisis, the organisation said in a press note.

“Out of control freight rates and historic log jams at US ports are creating delays and costs that are wreaking havoc on supply chains,” wrote Lamar. “Every American company, whether engaged directly in international trade or an indirect beneficiary of international trade, is impacted by the chaos and cost increases caused by the shipping crisis.”

AAFA is calling on USTR to use its authority to provide immediate and short-term relief by retroactively reinstating Section 301 exclusions that have expired and suspending the collection of Section 301 tariffs going forward.

According to AAFA, the millions of dollars made available by these actions would help those companies that are hardest hit by the shipping crisis and alleviate the shortage in truck chassis, caused in part by the Section 301 tariffs imposed on imported chassis.

ALCHEMPro News Desk (KD)