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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.
President Trump issued Jan. 10 an executive order authorizing the imposition of additional sanctions against any individual or entity owning, operating, trading with, or assisting the textiles, construction, manufacturing, and mining sectors of the Iranian economy.
The U.S.-Mexico-Canada Agreement has been signed and implementing legislation is making its way through Congress. The USMCA will update and revise NAFTA in a number of ways, including with respect to textiles, apparel, footwear, and bags.
U.S. Customs and Border Protection has selected the first nine participants for its Section 321 data pilot, which is testing the transmission of additional data elements for Section 321 goods in advance of their arrival. CBP has also announced plans to expand the pilot to all interested and qualified participants early this year.
The seventh edition of the Harmonized System nomenclature used all over the world for the uniform classification of goods traded internationally has been accepted by all HS contracting parties and will come into force Jan. 1, 2022. According to the World Customs Organization, HS 2022 includes 351 sets of amendments covering a wide range of goods.
The International Trade Commission has received more than 4,000 petitions seeking new or continued temporary duty suspensions or reductions under the miscellaneous trade bill process.
The Trump administration’s import tariff increases have been a drag on U.S. manufacturing employment and have failed to increase the sector’s output, according to a recent Federal Reserve Board report.
Affected products include leather briefcases, storage containers, woven fabrics, steel staples, steel clamps and poles, aluminum items, hand tools, flatware, pumps, auto parts, winches, tie down straps, mobile phone chargers, video cameras, tanning lamps, muscle stimulation devices, bike saddles, microscopes, metal chairs, hunting stands, wheeled trays, and baby crib liners.