CBP issued the following releases on commercial trade and related matters:
Section 301 (too broad)
Among the 28 motions to instruct for negotiations that will be considered next Tuesday and Wednesday in the Senate, five would affect trade, including one that supports the establishment of an inspector general for the Office of the U.S. Trade Representative.
The following lawsuits were filed at the Court of International Trade during the week of April 18-24:
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.
While the treasury secretary has said before that some of the tariffs on Chinese goods hurt America more than they hurt China (see 2107190046), and the U.S. trade representative has defended them, the White House has now said that the administration's review of its China trade policy is taking inflation into account.
With negotiations expected to begin in earnest soon on the House and Senate's trade packages, staffers in both chambers of Congress say there could be support for antidumping and countervailing duty reform and language around Section 301 tariff exclusions, but the likelihood of a dramatic de minimis change seems somewhat remote.
Functionality for five reinstated Section 301 exclusions in ACE will not be available until April 26, CBP said in a CSMS message. Due to an error in programming, ACE is still not permitting the filing of Chapter 99 duty or exclusion subheadings for tariff schedule numbers 0505.10.0050, 8412.21.0045, 8483.50.9040, 8525.60.1010 and 8607.21.1000, CBP said. Importers that entered goods subject to Section 301 tariffs under those five subheadings on or after April 12 without an associated Chapter 99 Section 301 subheading should file a post-summary correction once ACE filing capabilities are restored for the subheadings April 26, CBP said.
The following lawsuits were filed at the Court of International Trade during the week of April 11-17:
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.
Direct negotiations with China are, “at this point, unlikely to yield meaningful results” in curbing Beijing’s unfair trade practices, Emily Kilcrease, senior fellow at the Center for a New American Security, told the U.S.-China Economic and Security Review Commission in written testimony at a hearing April 14. “China has little incentive to commit to binding rules that will require structural changes to a system they believe works for their economic and political objectives,” she said.