U.S. Chamber of Commerce officials that lead the group's international policy initiatives said again that the U.S. is wasting an opportunity by letting trade negotiations stall. The vice presidents in charge of Africa, Europe, the Western Hemisphere and Asia policy spoke on a Jan. 18 webinar that was a follow-up to the State of American Business program.
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.
A domestic producer filed a petitions Jan. 12 with the Commerce Department and the International Trade Commission requesting new antidumping and countervailing duties on barium chloride from India. Commerce will now decide whether to begin AD/CV duty investigations. Chemical Products Corporation requested the investigation.
A U.S. producer seeks the imposition of new antidumping and countervailing duties on sodium nitrite from India and Russia, it said in petitions recently filed with the Commerce Department and the International Trade Commission. Commerce will now decide whether to begin AD/CVD investigations, which could result in the imposition of permanent AD/CV duty orders and the assessment of AD and CV duties on importers.
The House Ways and Means Trade Subcommittee chairman's bill that would restrict the use of de minimis for Chinese sellers has already inspired a coalition of opponents, including the U.S. Chamber of Commerce, the Express Association of America, National Retail Federation and others. The Import Security and Fairness Act was introduced Jan. 18.
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 fifth part of International Trade Today's multipart summary, covering textiles and apparel of chapters 50-63.
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 fourth of International Trade Today's multipart summary, covering plastic and rubber products, wood and wood products, and paper products of chapters 39-49.
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, on Jan. 27 (see 2112270032). This is the third of International Trade Today's multipart summary, covering chemical products, pharmaceutical products and explosives of chapters 28-38.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
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, on Jan. 27 (see 2112270032). This is the first part of International Trade Today's multi-part summary, covering fish and seafood products and vegetable products of Chapters 1-14 of the HTS.
A U.S. manufacturer seeks the imposition of new antidumping and countervailing duties on steel nails from India, Sri Lanka, Thailand and Turkey, as well as new CV duties on steel nails from Oman, it said in petitions filed with the Commerce Department and the International Trade Commission Dec. 30. Commerce will now decide whether to begin AD/CVD investigations, which could result in the imposition of permanent AD/CV duty orders and the assessment of AD and CV duties on importers.