The Trump Administration is proposing many changes to US trade policy.
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Renegotiating NAFTA is a top priority for the Trump administration but trade relations with the European Union, reforming the World Trade Organization, and enforcing existing trade deals are also high on the list, U.S. Trade Representative Robert Lighthizer told the Senate Finance and House Ways and Means committees this week.
As part of the implementation of its November 2015 Law on Network Information Security, Vietnam is planning to impose an import licensing scheme for certain cyber information security products with specified core functions. However, at the request of the Office of the U.S. Trade Representative Vietnam has agreed to delay this requirement pending additional clarification on the products and companies that will be affected.
At a recent meeting under their trade and investment framework agreement the U.S. and Indonesia agreed on next steps for expeditiously resolving a number of bilateral issues, possibly within the next few months.
This review could result in the termination of the designation of any of these countries as an AGOA beneficiary or the withdrawal, suspension, or limitation of duty-free treatment under AGOA with respect to articles from any of these countries.
A Trump administration official said these changes will allow business-to-business engagement but are designed to ensure that those engagements do not benefit the Cuban military. The changes will not take effect until the departments of Commerce and the Treasury have finalized amendments to the Export Administration Regulations and the Cuban Assets Control Regulations, respectively, which could take several months.
U.S. Customs and Border Protection has set Aug. 14 as the deadline to resubmit administrative protests for post-liquidation claims for preferential duty treatment under certain free trade agreements and preference programs that were previously rejected as non-protestable.
The Court of International Trade has determined that an importer is liable for a negligence penalty in a case involving misclassified imports. In an earlier decision in this case the CIT awarded U.S. Customs and Border Protection unpaid duties and pre-judgment interest.
Staffing shortfalls and lack of performance targets at U.S. Customs and Border Protection can impact the agency’s ability to pursue effective trade enforcement, according to a recent report from the Government Accountability Office. The findings come as the Trump administration seeks to strengthen trade enforcement efforts at both CBP and the Department of Commerce.
A World Trade Organization compliance panel has issued a report that according to the Office of the U.S. Trade Representative rejects almost all claims by the European Union that U.S. subsidies to Boeing harmed Airbus’s ability to sell large civil aircraft.
The Food and Drug Administration has issued guidance to address confusion regarding entry reporting requirements for light-emitting diode products and products containing LEDs.
U.S. Commerce Secretary Wilbur Ross and Mexican Secretary of Economy Ildefonso Guajardo announced June 6 a new agreement in principle to resolve ongoing issues over Mexican sugar exports and anti-bunching limits. The U.S. has agreed to continue to suspend AD and CV duties on sugar imports from Mexico as part of the new deal. In return, Mexico has vowed to implement a range of commitments.
The U.S. Customs and Border Protection 2017 West Coast Trade Symposium that was held recently in Scottsdale focused on partnerships between the U.S. government and the private sector. CBP indicated in a June 5 press release that the symposium emphasized the importance of looking ahead together “as we write a story of continuity.”
Commerce Secretary Wilbur Ross said it is “too soon” for the trade deficit numbers to reflect either China’s recent agreement to open its market to U.S. beef, liquefied natural gas, and other products beginning July 16 or other steps the Trump administration has taken to “level the balance of trade.” He also pointed out that there were improvements in some areas in April, including record-high exports to South Korea and exports to Japan that were the largest since August 2014.