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These changes are likely to be included in the TPP implementing legislation that the White House could submit for congressional approval later this year.
The NTE report covers the most important barriers, including those that may be consistent with international trade rules (e.g., very high tariffs), affecting U.S. exports to 58 countries, the European Union, Taiwan, Hong Kong and one regional body.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, has put together a plan that aims to resume the process of developing and enacting miscellaneous trade bills, which suspend duties on imported inputs and products for which there is no or insufficient domestic production and availability.
Regardless of the mandatory dates, CBP states that filers should be filing all available electronic entries and entry summaries, with or without participating government agency data, in ACE now.
A White House fact sheet notes that these measures aim to support the efforts of Argentinean President Mauricio Macri, who “has quickly implemented economic reforms to begin addressing economic imbalances and deepen Argentina’s integration with the global economy” since he took office in December.
Industry believes that additional coordination and consultation with all affected trade stakeholders is needed for further development and implementation of the RAM system to ensure that legitimate commerce and entries of compliant products are not stopped or unnecessarily delayed during the CPSC’s import screening process.
The temporary general license will restore, through June 30, the license requirements, license review policies and license exceptions under the EAR that applied prior to March 8 to exports, reexports and transfers (in-country) to these two entities.
The rule appears to be an attempt to avoid the $472 million in sanctions Mexico is seeking WTO authorization to impose (in the form of higher duties on an as yet unidentified list of U.S. exports) after a WTO compliance panel found that U.S. dolphin-safe tuna labeling regulations revised in 2013 are still inconsistent with WTO rules.
The sanctions would take the form of additional tariffs on Mexican imports of U.S. goods, although the specific items to be targeted have not yet been identified.
The Office of the U.S. Trade Representative on March 15 issued a fact sheet highlighting the many benefits that the U.S.-Korea Free Trade Agreement continues to provide four years after it entered into force to American businesses, workers and farmers. By contrast, the Coalition for a Prosperous America claimed that the agreement has significantly worsened the bilateral trade deficit with Korea.
President Obama issued an executive order March 16 that implements the North Korea Sanctions and Policy Enhancement Act of 2016 as well as a March 2 resolution by the United Nations Security Council that imposed new sanctions and tightened some existing measures against North Korea following its Jan. 6 nuclear test and a Feb. 7 launch seen as a test of ballistic missile technology.