Almost 20 trade groups and a handful of companies disagreed on how to ensure supply chain resilience -- many arguing that liberalizing trade with allies is crucial to reduce the likelihood of shortages, or weaponization, but others asserted that friendshoring will undermine domestic production already under stress.
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 "back to basics" webinar on de minimis presented by CBP, which was watched by more than 1,900 in the trade community, didn't elaborate on the suspensions of customs brokers from Type 86, though CBP official Felicia Pullam said the agency has heard "a lot of concern in the trade community about this enforcement."
Washington state importer Tip the Scale, doing businesses as L & D Kitchen and Bath, pleaded guilty and was sentenced on June 14 for "making false declarations" on the "species and harvest location" of timber it used in its wooden cabinets and vanities, DOJ announced.
The Commerce Department issued notices in the Federal Register on its recently initiated antidumping and countervailing duty investigations on disposable aluminum containers, pans, trays, and lids from China (A-570-170/C-570-171). The CVD investigation covers entries Jan. 1 - Dec. 31, 2023. The AD investigation covers entries Oct. 1, 2023 - March 31, 2024.
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.
A bipartisan pair in the Senate is in the early stages of writing a trade facilitation bill, which is intended to build on CBP's 21st Century Customs Framework -- an approach that trade professionals felt was too focused on enforcement, and neglected trade facilitation.
The Commercial Customs Operations Advisory Committee (COAC) for CBP will next meet June 26 remotely and in person in Long Beach, California, CBP said in a notice. Comments are due by June 21.
A U.S. producer seeks the imposition of new antidumping and countervailing duties on imports of vanillin from China, it said in petitions filed June 5 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/CVD orders on vanillin. Solvay USA requested the investigations.
Electrolux filed petitions May 30 with the Commerce Department and the International Trade Commission requesting new antidumping duties on large top mount combination refrigerator-freezers from Thailand. Commerce will now decide whether to begin AD investigations.
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.