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More than a dozen companies and trade associations have indicated their support for a new Federal Maritime Commission rule or policy preventing marine terminal operators and ocean carriers from charging unfair demurrage and detention fees when uncontrollable incidents such as storms and strikes keep cargo from being picked up from ports on time.
Acting Securities and Exchange Commission Chairman Michael Piwowar has directed SEC staff to consider further relief from the SEC’s conflict minerals rule. Interested parties are encouraged to submit detailed comments to the SEC by March 17.
The lawmakers argued that the freeze runs contrary to Trump’s campaign vow to make enforcement the center of his trade reform plan, particularly given the additional enforcement responsibilities conferred on federal agencies by the Trade Facilitation and Trade Enforcement Act of 2015.
U.S. officials characterized the license as a technical fix designed to ameliorate an unintended impact on U.S. businesses from economic sanctions imposed on Russia by the Obama administration.
Americans for Affordable Products said the BAT would “significantly hurt” U.S. consumers and employers by increasing the cost of everyday products such as food, gas, and clothing by up to 20 percent.
U.S. Customs and Border Protection issued Jan. 31 a message setting forth the different documents it may request to verify duty-free claims under HTSUS 9801.00.10.
President Trump would likely have to secure congressional approval for any substantive changes to U.S. law that would be required to implement a renegotiated NAFTA, according to a recent Congressional Research Service report.
Following a Jan. 27 meeting in Washington, D.C., U.S. President Donald Trump and United Kingdom Prime Minister Theresa May announced plans to work toward a bilateral free trade agreement that could take effect shortly after the UK formally exits the European Union, which is expected to occur in early 2019.
The Trump administration has raised the possibility of imposing tariffs on imports from Mexico as a way to pay for a wall President Trump has pledged to build along the U.S.-Mexico border. However, it remains unclear what the exact nature of such a measure might be, and some businesses and lawmakers are already voicing opposition.
CBP believes the benefits of this initiative will include lowering transaction costs and administrative burdens for importers and filers; limiting the need for brokers to manually pay duties, taxes, and fees at ports or customs houses; and improving the ability to provide filers with an accurate, consolidated view of their financial transactions.
The working group will seek to identify areas for process improvement in the receipt of requests for, and issuance of, CBP headquarters rulings and decisions focusing on tariff classification, valuation, origin, preference programs, drawback, and other aspects of the entry and duty refund process.
The San Juan TECC will initially focus on identifying violations in the areas of misclassification, undervaluation, free trade zone fraud, free trade agreement fraud, transshipment, trade-based money laundering, and broker compliance.
Trump’s action appears to ensure that the TPP, which was signed nearly a year ago, will not take effect because U.S. participation was essential to its implementation. However, press reports indicate that Trump has signaled his openness to negotiating individual free trade agreements with TPP members and other countries.
The Food and Drug Administration has made “important strides” in responding to the challenges that globalization poses to ensuring the safety of the U.S. drug supply but additional progress is needed, according to a recent report from the Government Accountability Office.
A total of $46.3 million in AD/CV duties was disbursed in FY 2016, down from $87.7 in FY 2015. As a result, the amount of World Trade Organization-authorized retaliatory sanctions imposed by U.S. trading partners on U.S. exports should decrease further.