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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.
As part of its 21st century U.S. port competitiveness initiative, the Department of Commerce recently issued a report that documents operational best practices that leading U.S. ports and supply chains have implemented to overcome challenges associated with increasing vessel sizes, trade volumes, and industry complexity.
The organic market includes a range of agricultural commodities such as fruits, vegetables, dairy, meat, poultry, breads, grains, snack foods, condiments, beverages, and packaged and prepared foods as well as non-food items such as fiber (linen and clothing), personal care products, pet food, and flowers.
The U.S. government has announced several measures to restore trade with Sudan in response to what it says are positive developments over the past six months related to bilateral cooperation, the ending of internal hostilities, regional cooperation, and improvements to humanitarian access.
A wide range of Chinese policies and practices continued to generate significant concerns among U.S. stakeholders in 2016, many of which can be traced to the Chinese government’s interventionist policies and practices and the large role of state-owned enterprises and other national champions in China’s economy.
U.S. Customs and Border Protection has posted to its website two notices of action providing additional information on the criteria it will use in determining whether to initiate investigations of antidumping or countervailing duty evasion as well as the measures it will take while conducting such investigations.