Rep. Earl Blumenauer of Oregon, the top Democrat on the House Ways and Means Trade Subcommittee, acknowledged in a hallway interview at the Capitol that he has been briefed that the Biden administration will lift Section 301 tariffs from some products as part of its review of the action against Chinese trade abuses.
The following lawsuits were filed at the Court of International Trade during the weeks of Nov. 6-12, 13-19 and 20-26:
Changes to an entry date due to CBP modifications of an entry summary don't affect the time of entry for the purposes of assessing Section 301 tariffs, CBP said in a ruling released by the agency Nov. 28.
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 text of a recent letter sent to the White House by Sens. Sherrod Brown, D-Ohio, and Bob Casey, D-Pa., suggests that they have been told there will be reductions in Section 301 tariffs, and they said in the letter that they have serious concerns that these reductions "will enable China and other global competitors to resume their anti-competitive activities without consequences. While not the subject of interagency review, we share similar concerns about reductions in 232 tariffs, as well as related actions that would undermine American steel and aluminum producers as a result of negotiations with the European Union on the Global Arrangement on Sustainable Steel and Aluminum."
China is the country of origin for Lexmark printers imported from Mexico for both Section 301 trade duties and country of origin marking, CBP said in a recently released ruling. CBP found that the printer transports incorporated into the printer, which were made in China, were critical for the printer to feed the paper and to print copies, and were the component that imparted essential character, rather than the printed circuit board assemblies, which were assembled in Mexico.
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.
Twenty of Florida's 28 representatives, led by Democrat Rep. Debbie Wasserman Schultz and Republican Mario Díaz-Balart, are calling on the House Ways and Means Committee to reinstate the Generalized System of Preferences benefits program, which expired almost three years ago.
President Joe Biden isn’t planning to bring up issues surrounding Section 301 tariffs in a planned meeting with Chinese President Xi Jinping in California on Nov. 15, a senior administration official said during a call with reporters last week. The official said the “question of economic and trade relationship” will be discussed, but the two leaders likely won’t delve into specifics.
Eliminating permanent normal trade relations (PNTR) with China would “leave a lasting scar” on the U.S. economy, costing each U.S. household $11,000 in real income over the period 2024 to 2028 and reducing competition and efficiency over the long term, according to a report released by the U.S.-China Business Council on Nov. 9.