Importers have paid more than $160 million in tariffs that would not have existed if the Generalized System of Preferences benefits program were in place just since the House passed its version of GSP renewal in April, according to the Renew GSP Coalition. The group, joined by more than 30 trade groups and nearly 300 firms that import goods subject to GSP, said the House bill and the Senate GSP renewal that was part of a trade package that didn't make it into the Chips Act "are a strong starting point for negotiations."
In a bill that Republicans say is "rightsizing agencies and programs," the division of the Commerce Department that handles antidumping and countervailing duties administration would be cut by 5.7% -- $7 million -- from the current fiscal year. The bill also proposes cutting funding of the Office of the U.S. Trade Representative by 8.1% -- $6 million -- from current spending. The International Trade Commission, which manages changes to the Harmonized Tariff Schedule code, provides independent analysis crucial to the AD/CVD process, and manages the Miscellaneous Tariff Bill product nominating process, would get a 5.7% cut, $7 million less than current spending.
CBP issued the following releases on commercial trade and related matters:
A listing of recent Commerce Department antidumping and countervailing duty messages posted on CBP's website June 24, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
CBP announced a new Enforce and Protect Act investigation, saying it has reasonable suspicion that Global Natural Ingredients evaded the antidumping and countervailing duty orders on xanthan gum from China and it has enacted interim measures against the importer.
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 Commercial Customs Operations Advisory Committee Broker Modernization Working Group has reached consensus and is recommending, among other things, that the Customs Broker License Exam be offered at least quarterly; that the exam should not vary in its difficulty: and that CBP consider whether it's possible to offer the exam, which has a remote-test-taking option, on demand.
The International Trade Commission published notices in the June 24 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 June 24 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 issued the final results of its antidumping duty new shipper review on certain frozen fish fillets from Vietnam (A-552-801) covering Co May Import-Export Company Limited during the review period of Aug. 1, 2022, through Jan. 31, 2023. The agency continued to calculate a zero percent AD rate for subject merchandise both produced and exported by Co May. Effective June 25, the date the final results are to be published in the Federal Register, Commerce will not require AD cash deposits for subject merchandise produced and exported by Co May until further notice. (See 2401290047 for a summary of the preliminary results of this new shipper review.)