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Just a week after saying it would suspend the imposition of an additional 25 percent tariff on $50 billion worth of imports from China, the Trump administration has announced plans to move ahead on this and other measures in response to a Section 301 investigation concluding that Beijing is coercing U.S. companies into transferring their technology and intellectual property to Chinese enterprises.
A press release from the Office of the U.S. Trade Representative suggests that the U.S. wants to resolve several outstanding trade issues before it will seriously consider a potential free trade agreement with the Philippines.
The Department of Commerce announced May 23 its self-initiation of an investigation under section 232 of the Trade Expansion Act of 1962 to determine whether imports of automobiles (including SUVs, vans, and light trucks) and auto parts are harming U.S. national security.
Enhancements to the Automated Commercial Environment for de minimis shipments, the importer ID form, foreign-trade zone entries, Centers of Excellence and Expertise, and customs broker national permits are among those that U.S. Customs and Border Protection anticipates making in fiscal year 2018 thanks to a congressional appropriation of $30 million.
New rules on seafood trade as well as proposed and final rules on topics such as the International Trade Data System, export procedures, and food facility registration are among the regulations set forth in the semiannual regulatory agendas recently issued by a number of federal agencies.
The White House will suspend plans to levy an additional 25 percent tariff on $50 billion worth of imports from China in response to a Section 301 investigation concluding that Beijing is coercing U.S. companies into transferring their technology and intellectual property to Chinese enterprises.
The European Union has notified to the World Trade Organization two lists of U.S. exports to the 28-member bloc that could be hit with higher tariffs unless the U.S. exempts the EU from additional import duties on steel and aluminum that were imposed as of March 23.
The Trump administration is expected to begin taking steps to ease the United States’ dependency on imports of 35 minerals deemed by the Department of the Interior to be critical to U.S. security and economic prosperity. Such steps are likely to include efforts to reduce imports, boost domestic production, and find viable alternatives.
The Trump administration said May 15 it “will have to move forward with countermeasures” on European Union products if the EU does not end subsidies to large aircraft manufacturer Airbus.
In an unusual move that elicited bipartisan criticism, President Trump said he is directing the Commerce Department to help a Chinese company recently hit with a seven-year export ban “get back into business, fast.”
Dealing with Lacey Act import declaration issues and streamlining imports of fruits and vegetables are among the topics of proposed and final regulations the Department of Agriculture is working to complete this summer.
A trusted trader program for seafood importers and updated rules on routed export transactions are among the regulatory changes the Department of Commerce could advance in the next few months.
Modernizing the customs broker regulations, streamlining the process for enforcing the prohibition on imports made with forced labor, and finalizing a pilot program on air cargo security are among U.S. Customs and Border Protection’s regulatory goals over the next few months. These and other proposed and final rules are included in the semiannual regulatory agendas of the departments of Homeland Security and the Treasury, which list the following regulations affecting international trade that could be issued within the next year.