Background

U.S. to drop item on tax-free threshold from North American trade pact

“A full text has not been released, but multiple sources said the Trump administration was ready to drop a footnote from its initial draft implementing legislation that it could have used to lower the U.S. ‘de minimus threshold,’ or value below which imported goods are free of sales tax and duties.”

[Reuters]

U.S. exporters attempt to head off new content restrictions

“A group of 10 trade associations has asked the Commerce Department to weigh carefully the long-term impact of a proposed regulatory change to substantially reduce the U.S.-made content or ‘de minimis’ amount required for U.S. reexports to be licensed.”

[American Shipper]

WTO appeals court shuts down

“The WTO’s lower court - its dispute settlement body - can hear cases. But its decisions will go nowhere if the loser appeals to a higher court that is no longer functioning. Without having to worry about rebukes from the WTO, countries could use tariffs and other sanctions to limit imports. Such rising protectionism could create uncertainty and discourage trade.”

[Associated Press]

WTO ban on tariffs for digital trade extended until June 2020

“Several countries, including India and South Africa, have expressed interest in lifting the moratorium as they develop their digital economies and seek to recuperate lost customs revenue as more trade becomes digital. Some said this could lead to tit-to-tat tariffs on the internet.”

[Reuters]

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