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The Department of Commerce’s Office of Textiles and Apparel reports that monthly imports of cotton, wool, manmade fiber, silk blend, and non-cotton vegetable fiber textile and apparel products totaled 4.01 billion square meter equivalents in April 2020, down 4.3 percent from March and 23.6 percent from April 2019.
The International Trade Commission has submitted to Congress its preliminary report on the petitions for duty suspensions and reductions that have been filed with the ITC under the revamped miscellaneous trade bill process.
The U.S. trade deficit in goods and services soared again in April, up 16.8 percent, as both imports and exports saw historic declines amid the COVID-19 pandemic.
Dozens of additional goods are being excluded from the Section 301 additional tariff (currently 7.5 percent) on List 4A goods from China. Importers of covered goods should act now to obtain refunds of Section 301 tariffs paid on such goods since Sept. 1, 2019.
Effective June 5, 33 new entities in China and elsewhere were added to the Bureau of Industry and Security’s Entity List, which lists entities restricted from receiving U.S. exports of goods controlled under the Export Administration Regulations.
U.S. Customs and Border Protection is proposing to modernize the custom broker regulations in 19 CFR 111 to professionalize the broker industry; formalize current practices, including those associated with the transfer of trade functions to CBP’s Centers of Excellence and Expertise; and adapt regulations to reflect technological advancements such as the creation and implementation of the Automated Commercial Environment.
This is the fifth in ST&R’s series of articles examining these strategies in more detail and covers the use of Section 321 duty exemptions.
The Trump administration announced June 2 a new Section 301 investigation into digital services taxes adopted or under consideration by Austria, Brazil, the Czech Republic, the European Union, India, Indonesia, Italy, Spain, Turkey, and the United Kingdom. This investigation could result in tariffs or other restrictions on imports from these trading partners if consultations do not yield a successful resolution.
An extension for up to 12 months of three additional sets of exclusions from the Section 301 tariff on List 3 goods from China is under consideration by the Office of the U.S. Trade Representative. Comments may be submitted from June 8 through July 7.
President Trump announced May 29 a change in U.S. policy that will have a significant impact on imports from and exports to Hong Kong.
U.S. Customs and Border Protection saw a major rise in duties collected on textile goods in the second quarter of fiscal year 2020 as well as increases in some enforcement measures over the previous year.
Criteria for determining which foreign investment transactions involving U.S. critical technology are subject to mandatory declaration requirements would be revised under a new Treasury Department proposed rule.
Dozens of additional goods are being excluded from the Section 301 additional 25 percent tariff on List 3 goods from China. Importers of covered goods should act now to obtain refunds of any tariffs paid on such goods since Sept. 24, 2018.
Importers, exporters, and others have a new avenue for seeking relief from pending and future federal enforcement actions under an executive order signed May 19 by President Trump as part of an expanding effort to restore U.S. economic health in the wake of the COVID-19 pandemic.
U.S. importers anticipating significant downward adjustments in the price of their goods due to COVID-19 and other market disruptions may have a unique opportunity to achieve substantial duty savings.
Effective May 15, the Department of Labor’s Bureau of International Labor Affairs has amended its procedural guidelines for the development and maintenance of a list of foreign-made goods it has reason to believe are produced by child labor or forced labor in violation of international standards.
The U.S. has announced an unprecedented step that will further restrict exports to China’s Huawei Technologies Co. Ltd. and is warning of possible limitations on a temporary license allowing some exports to Huawei and its affiliates.