Broker Power is providing readers with some of the top stories for March 5 - March 9, 2012 in case they were missed last week.
U.S. Trade Representative Ron Kirk announced that the United States has requested consultations with China at the World Trade Organization (WTO) concerning China’s export restraints on rare earths, as well as tungsten and molybdenum. USTR states that these materials are key inputs in a multitude of U.S. products and manufacturing sectors, including hybrid car batteries, wind turbines, energy efficient lighting, steel, advanced electronics, automobiles, petroleum, and chemicals.
On March 7, 2012, the Senate passed H.R. 4105 without amendment by unanimous consent. Proponents say the bill will allow the International Trade Administration to continue to apply countervailing duties in cases involving non-market economy nations (NMEs), like China and Vietnam, beyond upcoming court and WTO deadlines. The House of Representatives passed the bill on March 6, 2012. The measure is slated to go to the President on March 8. His signature on the measure will enact it into law.
U.S. Customs and Border Protection has posted an updated version of its spreadsheet of ACE ESAR A2.2 (Initial Entry Types) programming issues.
On March 6, 2012, the House of Representatives passed H.R. 4105 by a 370 to 39 margin, with 24 not voting. The bill will ensure the International Trade Administration can continue to apply countervailing duties in cases involving non-market economy nations (NMEs), like China and Vietnam, beyond upcoming court and WTO deadlines. The Senate passed its version of the bill, S. 2153 one day earlier. The Senate is now expected to pass H.R. 4105 (which is identical to S. 2153) and then send the measure to the President for his signature, enacting the measure into law.
Chinese producer/exporters argued that the International Trade Administration made six ministerial errors in the first AD administrative review of small diameter graphite electrodes from China, covering the period August 21, 2008 through January 31, 2010. The ITA agreed in part and sought court leave to correct three of the alleged errors, as well as one other ministerial error it had discovered (the agency had intended to publish amended final results before the Chinese producers filed suit).
On March 2, 2012, the Justice Department announced that Enrique Gomez De Molina, of Miami Beach, Florida, has been sentenced to 20 months in prison for illegally trafficking in various endangered and protected wildlife. De Molina was also sentenced to one year of supervised release to follow his prison term, a $6,000 fine and was ordered to forfeit all of the smuggled wildlife in his possession.
Broker Power is providing readers with some of the top stories for February 27 - March 2, 2012 in case they were missed last week.
On March 5, 2012 the U.S. Senate passed (with unanimous consent) S. 2153, to ensure the International Trade Administration can continue to apply countervailing duties in cases involving non-market economy nations (NMEs) like China and Vietnam, beyond upcoming court and WTO deadlines. The House is scheduled to consider an identical measure, H.R. 4105, on March 6 and passage is expected. The Administration supports the measure and President Obama is expected to sign it into law.
Two lawsuits targeting the online-video startup Aereo are meritless, Aereo said Thursday. Aereo, which is planning to start offering its services in New York City March 14, was named in two separate copyright suits brought by broadcasters and media networks. Aereo has said it plans to charge $12 a month for a live streaming and DVR service. Under Aereo’s model, each subscriber will rent his or her own antenna and DVR at Aereo’s facilities, and stream programming directly from that device to his or her own TV set, tablet or mobile device.