The nonpartisan Congressional Budget Office has projected that applying Section 301 tariffs to the contents of packages that previously benefited from de minimis, as proposed in the House (see 2407080049), would increase revenue from tariffs by about $23.5 billion in the 2024-2034 period, but would only require reprogramming of ACE and more money for data storage and ACE maintenance, not new CBP officers. The CBO estimated that improving ACE would cost $3 million, and that CBP would need $2 million annually to maintain the system.
The International Trade Commission published notices in the Aug. 16 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. 16 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):
The Commerce Department has published the final results of the antidumping and countervailing duty administrative reviews on forged steel fluid end blocks from Italy (A-475-840/C-475-841). These final results will be used to set final assessments of AD/CVD on importers for subject merchandise entered Jan. 1, 2022, through Dec. 31, 2022.
The Commerce Department has released the final results of the antidumping duty administrative review on forged steel fluid end blocks from Germany (A-428-847). These final results will be used to set final assessments of AD on importers of subject merchandise entered during calendar year 2022.
The Commerce Department has released the final results of the antidumping and countervailing duty administrative reviews on softwood lumber products from Canada (A-122-857/C-122-858). These final results will be used to set final assessments of AD/CVD on importers for subject merchandise entered Jan. 1, 2022, through Dec. 31, 2022.
The Consumer Product Safety Commission announced the following voluntary recalls Aug. 15:
On Aug. 15, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of:
The U.S. acknowledged on Aug. 16 that CBP mistakenly liquidated certain tire entries subject to an injunction from the Court of International Trade. Filing a status report, the government said the Commerce Department "took corrective action," telling CBP to "promptly return to unliquidated status any entries that had been inadvertently liquidated in violation of the Court’s order" (Titan Tire Corp. v. United States, CIT # 23-00233).
CBP issued the following releases on commercial trade and related matters: