The Commerce Department issued Federal Register notices on its recently initiated antidumping investigations on steel nails from India, Sri Lanka, Thailand and Turkey (A-533-904, A-542-804, A-549-844, A-489-846) and countervailing duty investigations on steel nails from India, Oman, Sri Lanka, Thailand and Turkey (C-533-905, C-523-817, C-542-805, C-549-845, C-489-847).
Customs Duty
A Customs Duty is a tariff or tax which a country imposes on goods when they are transported across international borders. Customs Duties are used to protect countries' economies, residents, jobs, and environments, by limiting the flow of imported merchandise, especially restricted and prohibited goods, into the country. The Customs Duty Rate is a percentage determined by the value of the article purchased in the foreign country and not based on quality, size, or weight.
The House Majority Leader Steny Hoyer, D-Md., said he will bring the massive America COMPETES bill up for a vote soon. While it may not need to attract any Republican votes to pass there, a bipartisan compromise will be necessary in conference. House Ways and Means Committee Chairman Richard Neal, D-Mass., said that the Senate's U.S. Innovation and Competition Act (USICA) was not adequate, aside from the issue that revenue measures, such as the Miscellaneous Tariff Bill, must start in the House. "This legislation is the boldest, best option we have to stand up to China’s harmful actions and support American workers, and I look forward to discussing these proposals further during our conference on the package with the Senate," he said.
The Commerce Department issued a Federal Register notice on its recently initiated antidumping duty investigations on lemon juice from Brazil (A-351-858) and South Africa (A-791-827). The agency will determine whether imports of lemon juice are being sold in the U.S. at less than fair value. The investigations cover entries during the period Oct. 1, 2020, through Sept. 30, 2021.
The broadest set of changes to tariff classification in five years is set to take effect toward the end of January, as the latest set of amendments to the World Customs Organization's Harmonized System tariff nomenclature is implemented in the Harmonized Tariff Schedule of the U.S. Announced by a presidential proclamation published Dec. 28, the changes are slated to take effect 30 days after that, Jan. 27 (see 2112270032). This is the 10th part of International Trade Today's multipart summary, covering photographic apparatus, measuring and checking instruments, clocks and watches, manufactured articles and cultural articles of chapters 90-97.
The broadest set of changes to tariff classification in five years is set to take effect toward the end of January, as the latest set of amendments to the World Customs Organization's Harmonized System tariff nomenclature is implemented in the Harmonized Tariff Schedule of the U.S. Announced by a presidential proclamation published Dec. 28, the changes are slated to take effect 30 days after that, Jan. 27 (see 2112270032). This is the eighth part of International Trade Today's multipart summary, covering electrical machinery of Chapter 85 and vehicles, aircraft and vessels of chapters 87-89.
The broadest set of changes to tariff classification in five years is set to take effect toward the end of January, as the latest set of amendments to the World Customs Organization's Harmonized System tariff nomenclature is implemented in the Harmonized Tariff Schedule of the U.S. Announced by a presidential proclamation published Dec. 28, the changes are slated to take effect 30 days after that, Jan. 27 (see 2112270032). This is the seventh part of International Trade Today's multipart summary, covering machinery and mechanical appliances of Chapter 84.
House Ways and Means Trade Subcommittee Chairman Rep. Earl Blumenauer said Congress would never have raised the minimis level to $800 if it had known how many products would be sold through e-commerce channels from China and shipped directly to customers. "It was never intended to be anything like this, and not only are they evading payment of duty, but they are escaping any sort of meaningful oversight," he said in a phone interview from Oregon with International Trade Today. "And as you know, we're deeply concerned about forced labor."
At a virtual World Economic Forum, U.S. Trade Representative Katherine Tai, the director-general of the World Trade Organization and CEOs in manufacturing and shipping said traders will change the ways they manage supply chains because of lessons from the COVID-19 pandemic. Tai said "the pandemic in particular has laid bare vulnerabilities in this version of globalization that we have and existing supply chains that we all feel strongly that we need to address."
The Customs Rulings Online Search System (CROSS) was updated Jan. 18. The following headquarters rulings were modified recently, according to CBP:
The broadest set of changes to tariff classification in five years is set to take effect toward the end of January, as the latest set of amendments to the World Customs Organization's Harmonized System tariff nomenclature is implemented in the Harmonized Tariff Schedule of the U.S. Announced by a presidential proclamation published Dec. 28, the changes are slated to take effect 30 days after that, Jan. 27 (see 2112270032). This is the sixth part of International Trade Today's multipart summary, covering stone, ceramics, glass, precious metals, base metals and articles of base metals of chapters 68-83.