Changes in textile trade classifications are underway
“This change could impact trade enforcement actions, including antidumping or circumvention cases, where the scope may be connected to proper tariff classification. It could also impact labeling requirements or safety standards or other trade requirements where such requirements are tied to the tariff classification of the goods.”
[Textile Technology Source]
U.S., EU economic system struggling to survive against China, Tai says
“‘Unless we figure out a different way to defend the way our economies work, we know what’s going to happen,’ she said, ‘and it’s going to have significantly damaging economic and political outcomes for our systems.’”
[Euractiv]
Yellen says she won’t rule out possible tariffs on China’s green exports
“We need to keep everything on the table. We want to work with the Chinese to see if we can find a solution.”
[CNBC]
EU widens scope for comprehensive customs filing
“Exporters sending goods by water or land to EU countries need to overhaul their paperwork, as the bloc’s Import Control System 2 (ICS2) comes into effect for all arriving goods from 3 June onwards.”
[HKTDC]
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