Imposing tariffs of 20% on all imports and a 60% tariff on Chinese goods would cost middle-class households more than $2,600 a year -- $900 more annually than a 10% tariff on imports, what former President Donald Trump floated earlier in his current presidential campaign, according to a new analysis from the Peterson Institute for International Economics.
A listing of recent Commerce Department antidumping and countervailing duty messages posted on CBP's website Aug. 21, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
CBP issued the following releases on commercial trade and related matters:
As uncertainties loom over when the work stoppage at two of Canada's major freight railways will be resolved, CBP officials told the trade community to keep communication lines open with receiving ports so that CBP staff at the port are able to handle any diverted cargo.
Shawn Harwood, a former DHS official who worked on the implementation of the Uyghur Forced Labor Prevention Act, has joined Squire Patton as an international trade investigations specialist, he announced this week on LinkedIn. Harwood left DHS in 2023 and most recently worked as an adviser on forced labor remediation and supply chain due diligence with consulting firm LRQA.
Most EU member states missed a July deadline to implement the EU’s new corporate sustainability reporting rules into national law, causing uncertainty for businesses that want to ready their compliance procedures before the rules take effect beginning next year, a major European law firm said.
The Center for Strategic and International Studies "Trade Guys" said that while there is some pressure on Congress to get the Generalized Systems of Preferences benefits program renewed, and restrict de minimis, competing pressures make it unlikely bills will become law this year.
The International Trade Commission published notices in the Aug. 21 Federal Register on the following AD/CVD injury, Section 337 patent or other trade proceedings (any notices that warrant a more detailed summary will be in another ITT article):
The Commerce Department published notices in the Federal Register Aug. 21 on the following AD/CV duty proceedings (any notices that announce changes to AD/CV duty rates, scope, affected firms or effective dates will be detailed in another ITT article):
On Aug. 20, the FDA posted new and revised versions of the following Import Alerts (after not having posted new ones for a number of days) on the detention without physical examination of: