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In response to a recent reduction in the U.S. Section 301 tariffs on imports from China, that country’s Ministry of Finance has announced a reciprocal reduction in its additional tariffs on U.S. goods.
A recent regulatory change will make it easier for the U.S. to impose countervailing duties on imports from Brazil, India, South Africa, and a number of other countries.
U.S. Trade Representative Robert Lighthizer said the U.S. wants a “comprehensive, high-standard” deal “that can serve as a model for additional agreements across Africa.” Press sources note that the U.S. is looking to the Kenya deal, and others it could spawn across the continent, to help counter the growing influence of China in the region.
An extension for up to 12 months of the third set of exclusions from the Section 301 additional tariff imposed on List 1 goods from China is under consideration by the Office of the U.S. Trade Representative. Comments may be submitted between Feb. 16 and March 16.
New enforcement actions aimed at e-commerce are the focus of a recent executive order from President Trump, who said this sector “is being exploited by traffickers to introduce contraband into the United States, and by foreign exporters and United States importers to avoid applicable customs duties, taxes, and fees.”
Currency manipulation by foreign countries may be deemed a subsidy and subject to countervailing duties under a new rule from the International Trade Administration that will apply to all segments of CV proceedings initiated on or after April 6.
Affected products include frozen seafood, fertilizer, laundry detergent powder, vinyl flooring, bicycles and bicycle tires, rubber gloves, zippered containers, paper straws, fabric, rugs, automobile mirrors, liquid hand pumps, bath and shower faucets, plugs and extension cords, recreational vehicle parts, kayaks, bamboo furniture, steel display racks, bassinets, and lamps.
The Court of International Trade ruled recently that it cannot uphold a federal regulation that produces irrational results simply because they are not intended by the issuing agency. The court also said it will not read limiting language into a law to save an agency’s interpretation of that law in regulation even when it appears to address valid administrative and economic concerns.
The bill had already passed the House and Senate by wider margins than usually associated with trade agreements after the White House agreed to changes advocated by Democrats.
According to the Office of Foreign Assets Control, this case shows that it is essential for companies engaging in international transactions to consider and respond to sanctions-related warning signs, such as information that goods originated from or were supplied by a person or entity subject to U.S. economic and trade sanctions.
An “epidemic” of trade in counterfeit and pirated goods is the target of a new set of recommendations and actions announced recently by the Department of Homeland Security.
The Section 232 additional tariffs of 25 percent on steel and 10 percent on aluminum are being extended to derivative products that have seen a surge in imports.
Left without a functioning method for resolving trade disputes at the World Trade Organization after the Appellate Body ceased to function in December 2019, more than a dozen WTO members announced Jan. 24 their own interim appeal arrangement.
The federal government is shifting export controls for most commercially available firearms and ammunition from the State Department to the Commerce Department, the last step in a broad export control reform effort begun in 2011.
Press reports are citing French officials as saying the U.S. has agreed to postpone until at least the end of 2020 its imposition of higher tariffs in retaliation for a new French digital services tax. However, there has been no official confirmation as yet from the White House.
DHS states that it plans to publish within 180 days a plan for implementing this strategy that includes specific deliverables, timelines, and metrics for key results.
Regulations to comprehensively implement the Foreign Investment Risk Review Modernization Act, which broadened the authorities of the Committee on Foreign Investment in the United States to better address national security concerns arising from some types of investments and real estate transactions, will become effective Feb. 13.
The Senate approved Jan. 16 by an 89-10 vote legislation to implement the U.S.-Mexico-Canada Agreement updating NAFTA. President Trump said he plans to sign the bill, which the House of Representatives previously passed by a 385-41 vote, during the week of Jan. 20.
The U.S. and China signed Jan. 15 a phase one trade agreement under which the U.S. has suspended some tariff increases and will roll back others in return for what the White House called “structural reforms and other changes to China’s economic and trade regime.”
Just days before the U.S. and China are scheduled to sign a phase one trade agreement, the Treasury Department’s semiannual foreign exchange rate report removed China’s designation as a currency manipulator. The report also named ten countries to a list of those targeted for closer scrutiny.